raw materials beginning $60000 raw materials purchases $140000 raw materials used solve for raw materials ending $64,000 rent expense 45000 factory supplies $14000 factory utilities $9500 repair expense $11500 indirect labor $38000

Prepare an Income statement for the company. Note: use cost of goods sold calculated in part 1. \begin{tabular}{|ccccccc|} \hline \multicolumn{2}{|c|}{ Raw materials used } & & \\ & & & & \\ \hline \end{tabular}