Hyatt Manufacturing Inc. manufactures paper plates which it sells to wholesalers and retailers. The financial informatio

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Hyatt Manufacturing Inc. manufactures paper plates which itsells to wholesalers and retailers. The financial information forAugust 31, 2021, is provided below.
The accountant, who recently graduated from a college with adiploma in accounting, prepared the Income Statement below.
Hyatt Manufacturing Inc.
Income Statement
Month ended August 31, 2021
This result was shared with the Production Manager, who was veryexcited to see this level of net income and proudly shred theresults with the rest of the management team. However, the HumanResources Manager who did an accounting course in his post graduatecertification, questioned the report.
Required:
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