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 33,400 88,000 503, 100 29,000 21,000 165,000 24,400 15,400 45,200 25,800 35,000 147,000 1,528,000 66,600 16,800 29,400 9,800 24,000 Required: Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31 Complete this question by entering your answers in the tabs below. Prepare a statement of cost of goods manufactured for Huntersville for the year ended December 31. Huntersville, Inc Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured Prepare an income statement for Huntersville for the year ended December 31. 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