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Next year, Bietro expects to produce 50,000 units and sell 49,300 units at a pnce of 512.50 each. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000. Total selling expense is projected at $26,000, and total administrative expense is projected at $134,000. Required: 1. Prepare an income statement in qood form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Note: due to rounding, percentages may not add down. Pietro Frozen Foods, Inc. Incorne Statement For the romina voar 3 more Check My Work uses remaining. 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to 8835 and entered as 88.35. Note: due to rounding, percentages may not add down. 2. What if the coust of goods sald percentage for the past few years was 65 percent? Managentent's reation might be: 3 more Check My Work uses remaining. 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to, 8835 and entered as 88.35. Note: due to rounding, percentages may not add down. 2. Whank W Were costof goods sold percentage for the past few years was 65 percent? Managernent's reaction might be: 3 more Check My Werk uses remaining. 1. Prepare an income statement in 900 d form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to , 8835 and enterod as 88.35. Note: due to rounding, percentages may not add down. 2. What if the cost of goods sold percentage for the past few years was 65 percent? Managernent's reation might be: Next year, Bietro expects to produce 50,000 units and sell 49,300 units at a pnce of 512.50 each. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000. Total selling expense is projected at $26,000, and total administrative expense is projected at $134,000. Required: 1. Prepare an income statement in qood form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Note: due to rounding, percentages may not add down. Pietro Frozen Foods, Inc. Incorne Statement For the romina voar 3 more Check My Work uses remaining. 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to 8835 and entered as 88.35. Note: due to rounding, percentages may not add down. 2. What if the coust of goods sald percentage for the past few years was 65 percent? Managentent's reation might be: 3 more Check My Work uses remaining. 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to, 8835 and entered as 88.35. Note: due to rounding, percentages may not add down. 2. Whank W Were costof goods sold percentage for the past few years was 65 percent? Managernent's reaction might be: 3 more Check My Werk uses remaining. 1. Prepare an income statement in 900 d form. Round the percent to four decimal places before converting to a percentage. For example, 88349 would be rounded to , 8835 and enterod as 88.35. Note: due to rounding, percentages may not add down. 2. What if the cost of goods sold percentage for the past few years was 65 percent? Managernent's reation might be