Please help with d

4 a. Identify the upstream and downstream costs. b. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Rooney desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries. d. Prepare a GAAP-based income statement for year 1. Use the sales price developed in Requirement c. 25 polnts Complete this question by entering your answers in the tabs below. eBook Required A Required B Required C Required D Hint Prepare a GAAP-based income statement for year 1. Use the sales price developed in Requirement c. (Do not round intermediate calculations.) Print ROONEY MANUFACTURING COMPANY Income Statement References Sales revenue 28,500,000 Cost of goods sold 21,200,000 Gross margin 7,300,000 Research and development 8,000,000 Selling expenses Cost of goods sold Net income (loss) (700,000) 4 a. Identify the upstream and downstream costs. b. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Rooney desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries. d. Prepare a GAAP-based income statement for year 1. Use the sales price developed in Requirement c. 25 polnts Complete this question by entering your answers in the tabs below. eBook Required A Required B Required C Required D Hint Prepare a GAAP-based income statement for year 1. Use the sales price developed in Requirement c. (Do not round intermediate calculations.) Print ROONEY MANUFACTURING COMPANY Income Statement References Sales revenue 28,500,000 Cost of goods sold 21,200,000 Gross margin 7,300,000 Research and development 8,000,000 Selling expenses Cost of goods sold Net income (loss) (700,000)