Consider the following information for Huntersville Inc. for the fiscal year ended December 31, Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor-wages Materials Inventory, Dec. 31 Materials Inventory, Jan. 1 Direct materials purchases Finished goods inventory, Dec. 31 Finished goods inventory, Jan. 1 Heat, light, and power plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, Dec. 31 Work-in-process inventory. Jan. 1 38,300 95, eee 557,700 39,5ee 28.000 2ee, cee 24,400 16,800 49,400 28,600 38,500 154,00 1,703,000 68,700 19,600 30,800 12,600 27,500 Required: Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31, Direct materials Materials available Direct materials used ok Factory overhead nt ence's Total factory overhead Total manufacturing costs Total manufacturing costs to account for Huntersville, Inc. Income Statement For the Year Ended December 31 Cost of goods sold Cost of goods available for sale Cost of goods sold Total selling & administrative expenses