Using the following information from Nathan Company, prepare an income statement through operating income for the year:

Question:

Using the following information from Nathan Company, prepare an income statement through operating income for the year:
Sales ..................... $900,000
Finished goods inventory, beginning ......... 45,000
Cost of goods manufactured ............. 575,000
Finished goods inventory, ending ........... 80,000
Operating expenses ................ 300,000