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

Depreciation expense$$administrative office $ $37,600$

Depreciation expense$$plant and equipment $94,000$

Direct labor$$wages $549,900$

Materials Inventory, December $3138,000$

Materials Inventory, January $127,000$

Direct materials purchases $195,000$

Finished goods inventory, December $3124,400$

Finished goods inventory, January $116,600$

Heat, light, and power$$plant $48,800$

Indirect labor $28,200$

Property taxes$$plant $38,000$

Sales representatives$$ salaries $153,000$

Sales revenue $1,678,000$

Factory supervisor$$s salary $68,400$

Supplies$$administrative office $19,200$

Supplies$$plant $30,600$

Work$-$in$-$process inventory, December $3112,200$

Work$-$in$-$process inventory, January $127,000$

Required:

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