The following information is available for Kingbird Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $25,600 $37,200 Work in process inventory 17,400 21,500 Finished goods inventory 33,700 26,040 Materials purchased $186,000 Direct labor 272,800 Manufacturing overhead Sales revenue 223,200 1,128,400 Prepare an income statement through gross profit. KINGBIRD COMPANY Income Statement (Partial) SA 15 tv