Chapter 18 End-of-Chapter (EOC) Project Complete this project as a separate word or pdf file Submit as a Canvas Assignment at the course website Clearly Print Your Name and Assignment Name at the top of each page DrumBeats of Scottsdale manufacture drum sets. The following information is available for December 31, 20x5. Advertising Expense $ 19,125 Depreciation Expense, Office Equipment Depreciation Expense, Selling Equipment 8,750 10,000 Depreciation Expense, Factory Equipment Factory Supervision 32,500 122,500 Factory Supplies Used 15,750 Factory Utilities 36,250 Raw Materials Inventory, Dec 31, 20x4 Raw Materials Inventory, Dec 31, 20x5 168,125 177,500 Advertising Expense $ 19,125 Depreciation Expense, Office Equipment Depreciation Expense, Selling Equipment Depreciation Expense, Factory Equipment Factory Supervision Factory Supplies Used Factory Utilities Raw Materials Inventory, Dec 31, 20x4 Raw Materials Inventory, Dec 31, 20x5 Goods in Process, Dec 31, 20x4 Goods in Process, Dec 31, 20x5 Finished Goods, Dec 31, 20x4 8,750 10,000 32,500 122,500 15,750 36,250 177,500 168,125 15,875 14,000 164,375 Finished Goods, Dec 31, 20x5 Direct Labor 129,000 650,750 Income Tax Expense 277,425 Indirect Labor 60,000 Miscellaneous Production Costs 8,500 Office Salaries Expense 100,875 Raw Materials Purchases 872.500 indirect Labor Miscellaneous Production Costs Office Salaries Expense Raw Materials Purchases Rent Expense, Office Space Rent Expense, Selling Space Rent Expense, Factory Building Maintenance Expense, Factory Equipment Sales Sales Discounts Sales Salaries Expense bu, uuu 8,500 100,875 872,500 21,125 25,750 79,750 27,875 3,275,000 57,500 268,250 1. Prepare DrumBeats 20x5 Manufacturing Statement. 2. Prepare DrumBeats 20x5 Common-Sized Income Statement that reports separate categories for Selling Expenses and General & Administrative Expenses