Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial products, and private homes. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that provides installation and warranty servicing in six metropolitan areas. The month of November has just ended and Waterways needs to generate a cost of goods manufactured and cost of goods sold for its income statement for the month. The following data is provided:

Accounts Receivable	$ 290,000
Advertising Expense	52,000
Cash	255,000
Depreciation Factory Equipment	17,500
Depreciation Office Equipment	2,900
Direct Labor	44,000
Factory Supplies Used	16,300
Factory Utilities	10,500
Finished Goods Inventory November 30	71,800
Finished Goods Inventory October 31	73,500
Indirect Labor	45,000
Office Supplies Expense	1,900
Other Administrative Expenses	71,000
Prepaid Expenses	42,500
Raw Materials Inventory November 30	53,000
Raw Materials Inventory October 31	41,000
Raw Materials Purchases	186,500
Rent Factory Equipment	45,000
Repairs Factory Equipment	5,400
Salaries	335,000
Sales	1,425,000
Sales Commissions	42,750
Work In Process Inventory November 30	44,000
Work In Process Inventory October 31	51,000
Property Tax on Factory	5,500

Instructions:

a. From the above information, prepare a cost of goods manufactured schedule, an income statement, and the current asset section of the balance sheet for Waterways Corporation for the month of November.