The company manufactures a single product, cleverly named Product X. The following information is available for the calendar year 2018 just completed, during which they produced and sold 200,000 units. Sales for the year was $2,400,000. During the year, the company paid a sales commission of 5 percent of sales. The corporate income tax rate was 20%. $300,000 140,000 45,000 30,000 50,000 15,000 Direct materials purchases Direct labor Depreciation - factory equipment Depreciation - factory building Depreciation - headquarters building Factory insurance Property taxes: Factory Headquarters Utilities - factory Utilities - sales Administrative salaries Indirect labor salaries Sales office salaries 20,000 18,000 34,000 1,800 150,000 156,000 90,000 Inventory Information Raw materials Work in process Finished Goods 12/31/2017 12/31/2018 $124,000 $152,000 124,000 130,000 109,000 118,904 8. Prepare an income statement for 2018, acceptable for GAAP in good form. 9. How many finished units of Product X do you thing were in the ending FG inventory