Consider the following Information for Fair Wind Yachts Inc., a manufacturer of sailboat rigging, blocks, and cordage. Advertising expenses Depreciation expense-administrative office Depreciation expense-plant and equipment Depreciation expense-delivery trucks Materials inventory, beginning Materials inventory, ending Direct materials purchases Direct labor Indirect labor Finished goods inventory, beginning Finished goods inventory, ending Insurance on plant Heat and light for plant Repairs on plant building Supervisor's salary--plant Supplies-plant Supplies-administrative office Work-in-process inventory, beginning Work-in-process inventory, ending Sales representatives' salaries sales revenue S 159,000 78,600 329,000 51,300 25,000 31,500 455,000 548,000 287,000 56,800 46,600 37,400 25,600 40,500 100,700 133,800 80,700 35,500 42,600 329,500 3,072,000 Required: Prepare a statement of cost of goods manufactured and an ihcome statement for Fair Wind Yachts for the year ended December 31. Complete this question by entering your answers in the tabs below. Stmt of COGM Income Statement Prepare a statement of cost of goods manufactured for Fair Wind Yachts for the year ended December 31. Fair Wind Yachts Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Direct materials used Factory overhead Total factory overhead Total manufacturing costs to account for Total manufacturing costs Cost of goods manufactured Fair Wind Yachts Income Statement + For the Year Ended December 31 Cost of goods sold Total goods available for sale Cost of goods sold Total selling & administrative expenses