Required information

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The following data refer to Huron Corporation for the year $202.$

Sales revenue

Raw$-$material inventory, $12/31/$x$1$

Purchases of raw material in $202$

Raw$-$material inventory, $\frac{12}{31}\frac{?}{?}2$

Direct$-$labor cost incurred

Selling and administrative expenses

Indirect labor cost incurred

Property taxes on factory

Depreciation on factory building

Income tax expense

Indirect material used

Depreciation on factory equipment

Insurance on factory and equipment

Utilities for factory

Work$-$in$-$process inventory, $12/31/$x$1$

Work$-$in$-$process inventory, $12/31/$x$2$

Finished$-$goods inventory, $12/31/$x$1$

Finished$-$goods inventory, $12/31/$x$2$

Applied manufacturing overhead

Prepare the company's income statement for $202.$