2. New Orleans Corporation had the following data Inventories Materials Work-in-Process Finished Goods 1/1/2020 12/31/2020 351,000 436,800 631,800 592,800 608,400 576,000 Advertising Expense Depreciation Expense- Factory Equipment Depreciation Expense-Office Equipment Direct labor Heat, Light, Power-factory Indirect Labor Materials Purchased Office Salaries Expense Property Taxes - Factory Property Taxes Factory - Office Building Rent Expense- Factory Sales Sales salaries expense Supplies Factory Miscellaneous costs-factory 296,400 42,120 56,160 670,800 22,460 78,750 659,800 185,000 18,500 32,400 32,000 3,010,000 420,000 15,400 9,500 Prepare : Detailed Income Statement