Following are the selected account balances of Randa Company:

Following are the selected account balances of Randa Company:

 

Sales	$	1,455,000
Raw materials inventory, Dec. 31, 2010		39,000
Goods in process inventory, Dec. 31, 2010		59,500
Finished goods inventory, Dec. 31, 2010		63,800
Raw materials purchases		189,000
Direct labor		223,000
Factory computer supplies used		23,700
Indirect labor		53,000
Repairs—Factory equipment		7,250
Rent cost of factory building		50,000
Advertising expense		95,000
General and administrative expenses		137,000
Raw materials inventory, Dec. 31, 2011		41,500
Goods in process inventory, Dec. 31, 2011		38,100
Finished goods inventory, Dec. 31, 2011		69,800

Prepare an income statement for Randa Company (a manufacturer). Assume that its cost of goods manufactured is $564,850. (Input all amounts as positive values. Omit the "$" sign in your response.)

RANDA COMPANY Income Statement For Year Ended December 31, 2011
Sales		$
Cost of goods sold
Finished goods inventory, December 31, 2010	$
Cost of goods manufactured
Cost of goods available for sale
Less: Finished goods inventory, December 31, 2011
Cost of goods sold
Gross profit
Operating expenses
Advertising expenses
General and administrative expenses
Total operating expenses
Operating income		$