Consider the following information for Huntersville Inc. for the fiscal year ended December 31.

Depreciation expenseadministrative office	$	37,250
Depreciation expenseplant and equipment		93,500
Direct laborwages		546,000
Materials Inventory, Dec. 31		37,250
Materials Inventory, Jan. 1		26,500
Direct materials purchases		192,500
Finished goods inventory, Dec. 31		24,400
Finished goods inventory, Jan. 1		16,500
Heat, light, and powerplant		48,500
Indirect labor		28,000
Property taxesplant		37,750
Sales representatives salaries		152,500
Sales revenue		1,666,000
Factory supervisors salary		68,250
Suppliesadministrative office		19,000
Suppliesplant		30,500
Work-in-process inventory, Dec. 31		12,000
Work-in-process inventory, Jan. 1		26,750

Required:

Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31.