create a statement of cost of goods manufactured and an income statement with the following information

Instructions The following information is available for Lagakos Corporation for 2048: Inventories Materials Work in process Finished goods January 1 $50,100 72,400 December 31 $35,900 90,600 113,000 114,600 December 31 $453,000 34.000 90,500 1.245.700 60,400 130.200 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory Sales 630,300 360,100 45,300 28,300 30,600 4,360,000 Sales 4,360 000 226,500 Sales salaries expense Supplies-factory Miscellaneous costs-factory 10.800 12.900 Required: 1. Prepare the statement of cost of goods manufactured 2. Prepare the income statement *Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus w automatically appear if it is required. Enter all amounts as positive numbers. Statement of Cost of Goods Manufactured 1. Prepare the statement of cost of goods manufactured Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions is provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required Enter all amounts es positive numbers Lagakos Corporation Statement of Cost of Goods Manufactured (Label) 1. Prepare the statement of cost of goods manufactured. Be sure to complete the statement heading Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Lessor "Plus" will automatically appear if it is required Enteral amounts as positive numbers. Lagakos Corporation Statement of Cost of Goods Manufactured (Label) : 2 Direct materials: 3 4 5 6 7 3 3 Factory overhead: 10 11 19 10 11 12 13 14 15 16 Total factory overhead 18 19 Total manufacturing costs 20 21 Income Statement 2. Prepare the income statement Be sure to complete the statement heading Refer to the Labels and Amount Descriptions Ast provided for the exact wording of the answer choices for text entries "Less" or "Pius ww automatically appear if it is required. Enter all amounts as positive numbers. (Label) 1 1. Cost of goods sold: 3 5 6 7 . Operating expenses 10 Administrative expenses: 11 12 13 # Selling expenses: 15 16 17