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Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,150 Direct materials used 252,400 Work in

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Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,150 Direct materials used 252,400 Work in process (1/1/2020) 31,400 Work in process (12/31/2020) 27,300 Finished goods (1/1/2020) 35,200 Finished goods (12/31/2020) 28,700 Factory utilities 41,100 Depreciation, factory equipment 34,700 Direct labour 300,600 Indirect materials 22,200 Factory manager's salary 63,200 Selling and administrative expenses 341,500 Net sales 1,247,000 Factory machinery rent 42,700 Prepare a cost of goods manufactured schedule for 2020. Axteks Corporation Cost of Goods Manufactured Year Ended December 31, 2020 LINK TO TEXT Prepare an income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Axteks Corporation Income Statement

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