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spencer company manufacturer of sports drinks

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Aheays show your work when doing finwork! Have lots of FUN! Question 1) Spencer Company is a manufacturer of sports drinks. During the past calendar year, (2o Spencer Company p oraalterboties of sports drinks. Spencer nu tw of i liner bottles for $24.25 Spencer’s accountants provided the following information Accum. depr. factory equipment $ 707,000 Depreciation, headquarters Warehousing costs s 321,123 2,959,317 540.321 97,770 Purchases of direct materials a Finished goods inventory, Dee. 31 Direct materials inventory, Jan. 1 Factory building 188,750 Work-in-process inventory, Jan. 1 Salary, sales supervisor 215,375 85,999 999,900 Advertising 129,059 Land 265,070 Utilities, factory Accounts Receivable 3,768,550 394,500 Finished goods inventory, Jan.1 277,350 Property taxes on factory 101,010 ψ Indirect labor 143,550 Prepaid Expenses 333,300 General administration 481.548 88,888 358,070 217,400 570,123 Accounts Payable Direct materials inventory, Dec. 31 251,735 Unearned Revenue 1,654,321 Work-in-process inventory, Dec. 31 Insurance on factory 282,900 Common Stock 2,745,000 ddna ifo: At the ot the youg Spencer’s accountants determined that there were #33 330 The pencers ad is for a total of 40 years. The b is for the last 4 years to date Spencer paid their 82 e and all el Spencer had 34,559 cases o goods inventor. The accountants also determined that 38% of the su and Required (round all mumbers to the nearest dollar, if needed): factured statement in good form. 2) Prepare an income statement in good form