Prepare Statements for a Merchandising Company: The following information appears in Henry's Company's records for last year:

Required: Prepare an income statement with a supporting cost of goods manufactured and sold statement.

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Administrative costs Manufacturing building depreciation Indirect materials and supplies Sales commissions $ 44,100 27,000 6.300 15,200 Direct materials inventory, January 1 Direct labor 18,400 34,600 Direct materials inventory. December 31 Finished goods inventory, January 1 19,000 10,900 Finished goods inventory, December 31 9,100 Materials purchases 22,300 Work in process inventory, December 31 13.100 Supervisory and indirect labor 14,400 Property taxes, manufacturing plant 8,400 Plant utilities and power 23,500 Work in process inventory, January 1 15,200 Sales revenue 212,400