1. Prepare the 20Y6 statement of cost of goods manufactured. Shanika Company statement of rnet ni rande Manufartured Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is avaliable for 'Shanika Company for 20r6 : 2. Prepare the 206 income statement. Einished goods inventory, December 31,206v Cost of goods sold Gross profit * Operating expenses: Administrative expenses: Oifice salaries expense Deprechation expensecoffice equipment v v Property faxes:headquarters building Total administrative expenses Selling expenses: Advertising expense Sales salaries expense Total selling expenses Total operating expenses Net income