Book Show Me How av Lu . Inventories January 1 December 31 Materials $44,250 $31,700 Work in process 63,900 80,000 Finished goods 101,200 99,800 December 31 $ 400,000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment 30,000 80,000 Direct labor Heat, light, and power-factory 1,100,000 53,300 115,000 Indirect labor 556,600 318,000 Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory 40,000 25,000 Sales 27.000 3,850,000 200,000 Sales salaries expense Supplies-factory Miscellaneous costs-factory 9.500 11,400 Required: Check My Work 3 more Check My Work uses remaining. Required: a. Prepare the 20Y8 statement of cost of goods manufactured. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. b. Prepare the 20Y8 income statement. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive