Problem 2.32 income statement, cost of goods manufacturedspencer company produced 200,000 cases of sports drinks during the past calendar year. each case of 1-liter bottles sells for $36. spencer had 2,500 cases of sports drinks in finished goods inventory at the beginning of the year. at the end of the year, there were 11,500 cases of sports drinks in finished goods inventory. spencer’s accounting records provide the following information: purchases of direct materials$2,350,000direct materials inventory, january 1290,000direct materials inventory, december 31112,000direct labor1,100,000indirect labor334,000depreciation, factory building525,000depreciation, factory equipment416,000property taxes on factory65,000utilities, factory150,000insurance on factory200,000salary, sales supervisor85,000commissions, salespersons216,000advertising500,0 00general administration390,000work-in-proces s inventory, january 1450,000work-in-process inventory, december 31750,000finished goods inventory, january 1107,500finished goods inventory, december 31488,750required: prepare a cost of goods manufactured statement. compute the cost of producing one case of sports drink last year. (round your answer to the nearest cent.)prepare an income statement on an absorption-costing basis. include a column showing the percent of each line item of sales. (round your percentage answers to two significant digits, e. g., 45.67%.)