Direct Material Inventory, January 1, 2020 260.000 WIP Inventory, January 1, 2020 195.000 Finished Goods Inventory, January 1, 2020 234.000 Utilities expense of administrative department 78.000 Interest Revenue 195.000 Rent expense of manufacturing plant 650.000 Sales return 65.000 Direct Material Purchase 1.300.000 Insurance expense of marketing vehicles 286.000 Depreciation Expense of Manufacturing Equipment 520.000 Depreciation expense of marketing vehicles 507.000 Sales Revenue 7.800.000 Utilities Expense of Marketing Department 234.000 Utilities expense of manufacturing department 676.000 Indirect Material 208.000 Sales Discount 130.000 Dividend Revenue 260.000 Indirect labor expense 234.000 Tax Expense 20% Direct Labor Expense 1.560.000 Direct Material Inventory, December 31, 2020 208.000 WIP Inventory, December 31, 2020 260.000 Finished Goods Inventory, December 31, 2020 104.000 Required: Prepare a Cost of Goods Manufactured/Sold Statement and an Income Statement of Company A for the year 2020