Required Information [The following informotion opplies to the questions clisployed below.] Alexandris Aluminum Compony, o monufocturer of recyclable sodo cons, hod the following inventory bolances at the beginning and end of 201. During 20x1, the company purchesed $250,000 of raw material and spent $400,000 on direct labor. Manufacturing overheod costs were as follows: Soles revenue was $1,108,000 for the yeor. Selling and administrative expenses for the year amounted to $110,000. Th firm's tox rote is 40 percent. 3. Prepare on income stotement