1 2 Assignment2.- Please use the right side formule to calculate income statement 3 Sales 730,000 4 Depreciation, factory 46,500 5 Utilities, factory 11,550 6 Administrative expense 84,900 7 Purchase of raw materials 216,900 8 Raw materials, Mar31, 2020 24,600 selling expense 49,500 10 Raw materials, Mari, 2020 36,000 11 Work in Process inventory, Mar31 30,000 12 Insurance, factory 12,600 13 Direct labour 47,190 14 Work in Process inventory, Marist $4,000 15 Indirect labour 91,800 16 Finished Goods Inventory, Marist 78,000 17 Supplies, factory 4,200 18 Finished Goods Inventory, Mar31 63,000 19 Maintenance, factory 26,700 20 21 Required: 22 prepare the income statements 24 25