The following data are from BBC Inc. accounting records at December 31, 2018.

Sales 500,000

Raw materials inventory, beginning 8,000

Raw material ending 4,000

Purchase of raw materials (To be determined)

Direct labour 30,000

Prime cost (total) 110,000

Indirect materials 20,000

Commissions 36,000

Work in process beginning inventory 8000

Work in process ending inventory 6000

Depreciation - equipment 20,000

Depreciation - factory 22,000

Finished good inventory beginning 10,000

Finished good inventory ending (To be determined)

Maintenance expense 8,000

General office salaries 86,000

Additional Info:

1) Cost of good manufactured of last year was $10 per unit

2) Maintenance expense: 80% apply to manufacturing function

3)The sale price per unit was equal to 35$ during the year

4) Assume BBC Inc. uses FIFO

5) There were 2,500 units in the ending inventory of finished goods

Question: Prepare Income Statement for Year 2018