Class Work for lesson 2 The following information pertains to the York Company for the year ending December 31, 2019 Hours Revenue Interest Revenue Purchases of raw materials Indirect Labour Indirect Materials Utilities factory] Depreciation of factory equipment Depreciation of factory buildings Depreciation of admin buildings Marketing costs Wages Store] Utilities store Supplies store Direct Labour Hours Hourly Rate for direct labour Raw materials inventory Dec 31 2019 WIP Jan 1 2019 Sales Return/ allowances Raw Materials Jan 1 2019 WIP Dec 31 2019 Sales Discounts Finished Goods Inventory Jan 1 2019 Finished Goods Inventory Dec 31 2019 $ 240,000 50.000 40,000 4.00 9.000 4.500 10.000 19.000 5,000 30,000 10.000 6.000 3,500 2000 10 9.000 4.000 10,000 3,000 15,000 10.000 7,000 15,000 REQUIRED 1. Prepare a COGM statement 2. Prepare an income statement assume interest expense to be $10000 and tax rate to be 15%)