Class Work for lesson 2 The following information pertains to the York Company for the year ending December 31, 2019. Sales Purchases of raw materials Indirect Labour Indirect Materials Depreciation of factory equipment Depreciation of factory buildings Depreciation of admin buildings Marketing costs 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 S 840,000 220,000 14,000 9,000 50,000 29,000 15,000 130,000 110,000 22,000 54,000 17,000 33,000 45,000 12,000 124,000 115,000 REQUIRED 1. Prepare a COGM statement 2. Prepare an income statement assume interest expense to be $13000 and tax rate to be 25%]