Consider the following information for Huntersville Inc. for the fiscal year ended December 31. Depreciation expenseadministrative office $ 32,350 Depreciation expenseplant and equipment 86,500 Direct laborwages 491,400 Materials Inventory, Dec. 31 26,750 Materials Inventory, Jan. 1 19,500 Direct materials purchases 157,500 Finished goods inventory, Dec. 31 25,000 Finished goods inventory, Jan. 1 15,100 Heat, light, and powerplant 44,300 Indirect labor 25,200 Property taxesplant 34,250 Sales representatives salaries 145,500 Sales revenue 1,490,000 Factory supervisors salary 66,150 Suppliesadministrative office 16,200 Suppliesplant 29,100 Work-in-process inventory, Dec. 31 9,200 Work-in-process inventory, Jan. 1 23,250 Required: Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31.