Required:

a. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers.

b. Prepare Yakima Companys statement of cost of goods manufactured for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign

c. Prepare Yakima Companys income statement for May. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive.

Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: \begin{tabular}{|r||l|c|c|} \hline 13 & Finished goods inventory, May 1 & 477,800.00 & 201,500.00 \\ \hline 14 & Finished goods inventory, May 31 & 496,400.00 & (d) \\ \hline 15 & Sales & 4,140,000.00 & 1,678,000.00 \\ \hline 16 & Cost of goods sold & (d) & 1,042,000.00 \\ \hline 17 & Gross profit & (e) & (e) \\ \hline 18 & Operating expenses & 543,000.00 & (f) \\ \hline 19 & Net income & (f) & 380,500.00 \\ \hline \end{tabular}