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 32.000 units of its product at a price of $14 each during the year Click the icon to view the amounts.) (Click the icon to view the calculation of cost of goods manufactured) (Click the icon to view the calculation of cost of goods sold ) Strike Gold Company Income Statement For Current Year Choose from any list or enter any number in the input fields and then click Check Answer Beginning End of End of of Year Year Year Raw materials inventory $ 27,000 $ 30,000 Insurance on plant. $ 8,000 Work in process inventory.......$ 43,000 $ 32,000 Depreciation-plant building and equipment.....$ 12,800 Finished goods inventory... .. 18,000 $ 26,000 Repairs and maintenance-plant. $ 4,300 Purchases of direct materials $ 79,000 Marketing expenses.. $ 78,000 Direct labor $ 88,000 General and administrative expenses.... $ 27,500 Indirect labor $ 42,000 43,000 For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor 76,000 88,000 67,100 Manufacturing overhead Total manufacturing costs to account for Less Ending work in process inventory 274.100 32,000 242, 100 Cost of goods manufactured (CGM) Print Done Strike Gold Manufacturing Calculation of Cost of Goods Sold For Current Year Beginning finished goods inventory PlusCost of goods manufactured 18,000 242,100 Cost of goods available for sale 260,100 26.000 Less Ending finished goods inventory Cost of goods sold 234.100