Hoyle Company gathered the following condensed data for the year ended December 31, 2014: 
Instructions
Prepare an income statement for the year ended December 31, 2014.
Definitions:
Small-batch Production
A manufacturing process characterized by the production of small quantities of goods, tailored to specific orders or niche markets.
Long-linked Technology
A production process characterized by linear and sequential operations, often found in manufacturing contexts.
Automobile Industry
A global sector that involves the manufacturing, design, marketing, and selling of motor vehicles.
Mediating Technology
Technologies or systems that facilitate the interaction between different parties or components within a process or system.
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