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

Depreciation expense$$administrative office $ $34,450$

Depreciation expense$$plant and equipment $89,500$

Direct labor$$wages $514,800$

Materials Inventory, December $3131,250$

Materials Inventory, January $122,500$

Direct materials purchases $172,500$

Finished goods inventory, December $3124,400$

Finished goods inventory, January $115,700$

Heat, light, and power$$plant $46,100$

Indirect labor $26,400$

Property taxes$$plant $35,750$

Sales representatives$$ salaries $148,500$

Sales revenue $1,566,000$

Factory supervisor$$s salary $67,050$

Supplies$$administrative office $17,400$

Supplies$$plant $29,700$

Work$-$in$-$process inventory, December $3110,400$

Work$-$in$-$process inventory, January $124,750$

Required:

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