1	YNP Corportion lists the following costs and expenses for the current year as of December 31.
	Sales	$800,000
	Raw Materials Purchased	$85,000
	Beginning Raw Materials	$20,000
	Ending Raw Materials	$24,000
	Depreciation	$18,000	(80% to Factory)
	Insurance	$4,000	(75% to Factory)
	Direct Labor	$70,000
	Maintenance	$11,000	(100% to Factory)
	Administrative Expenses	$60,000
	Selling Expenses	$250,000
	Utilities	$25,000	(85% to Factory)
	Indirect Labor	$90,000
	Beginning WIP Inventory	$5,000
	Ending WIP Inventory	$35,000
	Beginning Fininshed Goods Inventory	$10,000
	Ending Fininshed Goods Inventory	$50,000
Required:
Prepare a Schedule of Cost of Goods Manufactured and an Income Statement for YNP Corporation as of December 31, 2016