Sunny Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory. Following is a list of selected account balances from its trial balance for the most recent year ended December 31 (in no particular order).

Requirements 1, 2, 3, and 4. To solve for the amounts required, prepare the income statement for Sunny Amenities for the year ending December 31.

Requirements Using the income statement accounts in the table, calculate: 1. Cost of goods sold. Hint: Cost of goods sold can be calculated by summing the total product costs since there is no inventory. 2. Operating expenses. Hint: Operating expenses are the company's period costs. 3. Gross profit 4. Operating income Requirement 1, 2, 3, and 4. To solve for the amounts required, prepare the income statement for Sunny Amenities for the year ended December 31. Sunny Amenities Income Statement For the Year Ended December 31 Less: Less: December 31 Account Balances