Prairie Plant Company Supplied the Following Data at the End

question 121

Essay

Prairie Plant Company supplied the following data at the end of the current year:
Required: Prepare an income statement for Prairie Plant Company.
$\begin{array}{lr}\text { Sales commissions } & \$ 15,000 \\\text { Sales revenue } & 150,000 \\\text { Research and development } & 17,000 \\\text { Finished goods inventory, Jan. 1 } & 7,500\\\text { Work-in-process inventory, Jan } 1 & 9,000 \\\text { Finished goods inventory, Dec. } 31 & 6,000 \\\text { Work-in-process inventory, Dec. } 31 & 11,000 \\\text { Cost of goods manufactured } & 50,000\end{array}$

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Definitions:

Personal Strengths

Individual attributes or qualities that contribute to one’s ability to succeed or excel in certain activities or pursuits.

Stress Times

Periods or situations of heightened tension, pressure, or stress, often requiring increased coping mechanisms or support.

Relapse

The return to a previous state of disease or undesirable behavior after a period of improvement or abstinence, especially in the context of addiction.

Therapeutic Treatment

A broad term for medical or psychological interventions designed to alleviate symptoms and address the root causes of mental health or medical conditions.