partial balance sheet

Current Attempt in Progress The following information is available for Martinez Company January 1, 2022 2022 December 31, 2022 $20.000 $28,800 16,600 13,200 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased 26,000 20,160 $144,000 Direct labor 211,200 Manufacturing overhead 172,800 Sales revenue 873,600 (b) Your Answer Correct Answer (Used) Prepare an income statement through gross profit. MARTINEZ COMPANY Income Statement (Partial) For the Year Ended December 31, 2022 Sales Revenue 873.600 Cost of Goods Sold Finished Goods Inventory. 1/1 $ 26,000 Cost of Goods Manufactured 515,800 Cost of Goods Available for Sale 541,800 Less v Finished Goods Inventory 12/31 20,160 Cost of Goods Sold 521,640 351.960 Gross Pront (c) Show the presentation of the ending inventories on the December 31, 2022, balance sheet MARTINEZ COMPANY (Partial) Balance Sheet > $