2-10. Plastic Extrusions Inc. had total assets of $1,000,000 at the end of December. Liabilities were $250,000, and owners' equity was $750,000. During the year, sales
totalled $5,000,000, operating income was $100,000, interest payments and taxes were
$25,000, and net income was $75,000.​

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows: