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Macon Company Supplied the Following Data and Information on Inventories

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Macon Company supplied the following data and information on inventories at the end of the current year.
 Macon Company supplied the following data and information on inventories at the end of the current year.      \begin{array}{lr} \text { Direct labor } & \$ 0,000 \\ \text { Selling expenses } & 31,000 \\ \text { Sales revenue } & 400,000 \\ \text { Administrative expenses } & 14,500 \\ \text { Purchases of raw materials } & 62,000 \\ \text { Factory supervision } & 50,000 \\ \text { Factory supplies used } & 25,000 \end{array}  Required: Prepare an income statement of Macon Company for the current year.  Direct labor $0,000 Selling expenses 31,000 Sales revenue 400,000 Administrative expenses 14,500 Purchases of raw materials 62,000 Factory supervision 50,000 Factory supplies used 25,000\begin{array}{lr}\text { Direct labor } & \$ 0,000 \\\text { Selling expenses } & 31,000 \\\text { Sales revenue } & 400,000 \\\text { Administrative expenses } & 14,500 \\\text { Purchases of raw materials } & 62,000 \\\text { Factory supervision } & 50,000 \\\text { Factory supplies used } & 25,000\end{array} Required: Prepare an income statement of Macon Company for the current year.

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