Prepare Cost of goods Manufactured Statement AND Income Statement using the following information

Trial Balance preclosing

Debit Credit

cash 54

accounts receivable 210

finished goods [ begin year ] 247

work in process [begin year] 150

direct materials [begin yer ] 28

equipment and plant 1,140

accounts payable 70

bond payable 600

paid in capital 100

retained earnings 930

sales 1,488

sales discount 20

interest revenue 2

purchase direct materials 510

direct labor 260

indirect factory labor 90

office salary 122

sales salary 42

utilities 135

rent 9

property tax 60

insurance 20

depreciation 54

interest expense 6

freight in 15

freight out 18

total 3,190 3,190

additional informaton

A 80 % of utilities for manufacturing 20% for seling and administrative.

B 100% of rent is non manufacturing office building.

C 100% of property tax is for manufacturing plantD 60 % of insurance is for manufacturing 40% is for sales and administrative.

E depreciation manufacturing $ 50 office equipment $ 4.

F ending inventory finished goods $ 175 work in rocess $ 210 direct materials $ 23.