spencer company manufacturer of sports drinks

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Aheays show your work when doing finwork! Have lots of FUN! Question 1) Spencer Company is a manufacturer of sports drinks. During the past calendar year, (2o Spencer Company p oraalterboties of sports drinks. Spencer nu tw of i liner bottles for $24.25 Spencer's accountants provided the following information Accum. depr. factory equipment $ 707,000 Depreciation, headquarters Warehousing costs s 321,123 2,959,317 540.321 97,770 Purchases of direct materials a Finished goods inventory, Dee. 31 Direct materials inventory, Jan. 1 Factory building 188,750 Work-in-process inventory, Jan. 1 Salary, sales supervisor 215,375 85,999 999,900 Advertising 129,059 Land 265,070 Utilities, factory Accounts Receivable 3,768,550 394,500 Finished goods inventory, Jan.1 277,350 Property taxes on factory 101,010 Indirect labor 143,550 Prepaid Expenses 333,300 General administration 481.548 88,888 358,070 217,400 570,123 Accounts Payable Direct materials inventory, Dec. 31 251,735 Unearned Revenue 1,654,321 Work-in-process inventory, Dec. 31 Insurance on factory 282,900 Common Stock 2,745,000 ddna ifo: At the ot the youg Spencer's accountants determined that there were #33 330 The pencers ad is for a total of 40 years. The b is for the last 4 years to date Spencer paid their 82 e and all el Spencer had 34,559 cases o goods inventor. The accountants also determined that 38% of the su and Required (round all mumbers to the nearest dollar, if needed): factured statement in good form. 2) Prepare an income statement in good form