3. Prepare On Company's income statement for December. PR 15-5B Statement of cost of goods manufactured and income ds The following information is available for Shanika Company for 20Y6: ctured for December 2. Prepare statement for a manufacturing company Co teto Inventories Materials January 1 s $77,350 109,200 December 31 $ 95,550 96.200 0 100,100 Work in process Finished goods 113,750 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor $ 68,250 22,750 14,560 186,550 5,850 23,660 6 Heat, light, and power-factory S-Indirect labor Materials purchased 123,500 Chapter 15 Introduction to Managerial Accounting Inventories January 1 December 31 togod or to Office salaries expense Property taxes-factory 77,350 4,095 13,650 d b bed oldelieProperty taxes-headquarters building A to erbnotm Rent expense-factory 6,825 Sales 864,500 - Sales salaries expense Supplies-factory 1OMiscellaneous costs-factory 136,500 3,250 to 4,420 2mac bobnurd no moo00S iqod od Instructions 1. Prepare the 20Y6 statement of cost of goods manufactured. 2. Prepare the 20Y6 income statement T bud slodiadics edionanosd (Oroeciluen o Making