The adjusted trial balance of Anthony Cooper Co. as of December 31, 2020, contains the following. ANTHONY COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $20,672 Accounts Receivable 8,120 Prepaid Rent 3,480Equipment 19,250 Accumulated Depreciation-Equipment $6,095 Notes Payable 6,900 Accounts Payable 6,672 Common Stock 21,200 Retained Earnings 12,510 Dividends 4,200 Service Revenue 12,790 Salaries and Wages Expense 8,040 Rent Expense 2,170 Depreciation Expense 235 Interest Expense 173 Interest Payable 173 $66,340 $66,340Prepare an income statement.

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02