An Auditor for Revenue Canada is trying to reconstruct some partially destroyed records of two taxpayers. For each of the cases in the accompanying list prepare an income statement.



Accounts receivable, Dec 31,2000 $6,000 Direct material used $8,000
Accounts payable, Jan 1,2000 3,000 Direct manufacturing labor 3,000
Accounts payable, Dec 31,2000 1,800 Indirect manufacturing costs 7000
Gross Margin 11,300 Purchase of direct materials 9,000
WIP – Jan 1,2000 0 Revenue 32,000
WIP – Dec 31,2000 0 Accounts receivable, Jan 1,2000 $6,000
Finished goods inventory Jan 1,2000 4,000

What's the rest of the question? You give all the specifics, but you don't say what the variable is that you're looking to solve for.