The following information is available for Blossom Company. $($Assume all raw materials used were direct materials.$)$January $1,20222022$December $31,2022$Raw materials inventory$$32,240$$$37,200$Work in process inventory$22,94027,440$Finished goods inventory$37,20026,040$Materials purchased$$210,800$Direct labor$285,200$Manufacturing overhead$223,200$Sales$992,000$BLOSSOMCOMPANY

Income Statement

For the Year Ended December $31,2022$

Finished Goods Inventory, $1/1$

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$\backslash$table$[[,$January $1,2022,2022,$December $31,2022],[$Raw materials inventory,$$32,240,,],[$Work in process,,,$],[$inventory$,22,940,,],[$Finished goods inventory,$37,200,,],[$Materials purchased,,$$210,800,],[$Direct labor,$285,200,,],[$Manufacturing overhead,$223,200,,],[$Sales$,992,000,,]]$

$($a$)$

A INCOME STATEMENT NEEDS TO BE DONE $.$ THAT INCLUDES Gross profit, cost of good sold, finish good inventory..