You have been asked by the CEO of Mountaineer Co. to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Rent expense-Factory Work in Process & Finished Goods Inventories Work in Process Finished Goods $50,000 54,000 50,000 $40,000 43,000 Repairs expense) Factory $30,000 Factory supplies used (indirect materials) Factory utilities Indirect labor Repairs expense -Factory $30,000 33,000 $20,000 $10,000 $0 Beginning Ending Beginning Ending Additional Data Accounts receivable, not Cash Sales Direct labor Sales and Select Expense Accounts General & administrative expenses Selling expenses +ableau $150,000 $350,000 $180,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Prepare an income statement for the company. Note: use cost of goods sold calculated in part 1. Direct labor Cost of goods sold Mountaineer Co. Income Statement For Year Ended December 31 Cost of goods available for sale Cost of goods sold Operating expenses. Total operating expenses Net income 0 0 0 $ 0