Green Wadi Company reported the following operating expenses for last month: Selling and administrative salaries $40,000 Rent on facilities ( 80% applies to factory operations; the remainder applies to selling and administrative activities) $80,000 purchases of raw materials $200,000 Insurance ( 75% applies to factory operations; the remainder applies to selling and administrative activities) $10,000 Depreciation, sales equipment $10,000 Utilities costs ( 90% applies to factory operations; the remainder applies to selling and administrative activities) $60,000 indirect labor $80,000 direct labor $65,000 depreciation, factory equipment $14,000 maintenance, factory $7,000 Advertising $70,000 Total sales were $584,000. Inventory balances at the beginning and end of the month were as follows: Begging Ending Raw Materials 18,000 43,000 Work in process 60,000 75,000 finished goods 10,000 50,000 Prepare the income statement for last month.