Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,480 Direct materials used 250,900 Work in process (1/1/2020) 32,000 Work in process (12/31/2020) 25,200 Finished goods (1/1/2020) 35,000 Finished goods (12/31/2020) 28,500 Factory utilities 41.100 Depreciation, factory equipment 34,900 Direct labour 303,300 Indirect materials 22,200 Factory manager's salary 63,300 346,400 Selling and administrative expenses Net sales 1,235,000 Factory machinery rent 42,900 Prepare a cost of goods manufactured schedule for 2020. Prepare a cost of goods manufactured schedule for 2020. Axteks Corporation Cost of Goods Manufactured Year Ended December 31, 2020 > $ $ $ > $ eTextbook and Media 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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