Prepare the income statement for Gourmet Bones for the year ended December 31, 2018.

1.Prepare the income statement for Gourmet Bones for the year ended December 31, 2018.
2.How does the format of the income statement for Gourmet Bones differ from the income statement of a merchandiser?
3.Gourmet Bones manufactured 17,900 units of its product in 2018. Compute thecompany’s unit product cost for the year, rounded to the nearest cent.
Balances: