Prepare the income statement for Strike Gold Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold $39,000$ units of its product at a price of $$13$ each during the year.

View the data.

View the calculation of cost of goods manufactured.

View the calculation of cost of goods sold.

Strike Gold Company

Income Statement

For Current Year $$

Less: $$

Less: $]$

Data

$\backslash$table$[[,\backslash$table$[[$Beginning$],[$of Year$]],\backslash$table$[[$End of$],[$Year$]],,\backslash$table$[[$End of$],[$Year$]]],[$Raw materials inventory,$$,28,000$ $$,$$$,32,000,$Insurance on plant,$$,9,000],[$Work in process inventory,$$,44,000$$$,$$$,32,000,$Depreciation$-$plant building and equipment,$$,12,700],[$Finished goods inventory,$$,21,000$$$,$$$,29,000,$Repairs and maintenance$-$plant,$$,4,100],[$Purchases of direct materials,,,$$,79,000,$Marketing expenses,$$,77,000],[$Direct labor,,,$$,87,000,$General and administrative expenses,$$,25,500],[$Indirect labor,,,$$,42,000,,,]]$