14. Ermex Company had the following data for the year ended December 31, 2019. During the year, accounts receivable decreased $14,000, merchandise inventory decreased $10,000, accounts payable decreased by $20,000, and depreciation expense of $30,000 was recorded. Net Cash Flow from Operating Activities was $55,000. Calculate Ermexis Net Income for the year ended December 31, 2019. 15. Given the following data: Work in Process Inventory, Beginning $20,000 Work in Process Inventory, Ending $14,000 Direct Materials costs incurred $14,000 Direct Labor cost incurred $12,000 Cost of Goods Manufactured $28,000 Calculate Factory Overhead cost applied to production. 16. Traticante Corp. has beginning and ending finished goods inventories of $86,000 and $100,000, respectively. If sales revenue is $540,000 and gross profit is $36,000, calculate cost of goods manufactured