The following data refer to San Fernando Fashions Company for the year 20x2 Sales revenue Work-in-process inventory, December 31 Work-in-process inventory, January 1 Selling and administrative expenses Income tax expense Purchases of raw material Raw-material inventory, December 31 Raw-material inventory, January 1 Direct labor Utilities: plant Depreciation: plant and equipment Finished-goods inventory, December 31 Finished-goods inventory, January 1 Indirect material Indirect labor Other manufacturing overhead 30,ee0 36,880 15e,eee 80,e00 180,e0e 25,e00 20,eee 180,ee 48,ee0 50,8e0 se,000 10,ee0 10,000 15,eee 60,e00 3. Prepare San Fernando Fashions' income statement for the year. SAN FERNANDO FASHIONS COMPANY Income Statement For the Year Ended December 31, 20x2