Batty's have collected the following data for one of its racquets (M), for the accounting period ended 31st December.

Direct material cost	9,000
Indirect material cost	1,400
Advertising expenditure	8,000
Packaging for delivery to customers	1,200
Accounting salaries	7,500
Direct production wages	6,500
Indirect production wages	1,900
Salesmen's salaries	6,300
Production manager's salary	1,800
Delivery vehicle running costs	600
Sales office costs	4,100
Delivery vehicle driver wages	1,300
Design costs for Racquet M	500

During the period ended 31st December, 100 units are produced of which 80 are sold at a price of 650 each. There was no opening inventory at the start of the period.

Show a Summary Cost Statement and an Income Statement for the period ended 31st December.