Direct Material Inventory, January 1, 2020620.000WIP Inventory, January 1, 2020465.000Finished Goods Inventory, January 1, 2020558.000Utilities expense of administrative department186.000Interest Revenue465.000Rent expense of manufacturing plant1.550.000Sales return155.000Direct Material Purchase3.100.000Insurance expense of marketing vehicles682.000Depreciation Expense of Manufacturing Equipment1.240.000Depreciation expense of marketing vehicles1.209.000Sales Revenue18.600.000Utilities Expense of Marketing Department558.000Utilities expense of manufacturing department1.612.000Indirect Material496.000Sales Discount310.000Dividend Revenue620.000Indirect labor expense558.000Tax Expense20%Direct Labor Expense3.720.000Direct Material Inventory, December 31, 2020496.000WIP Inventory, December 31, 2020620.000Finished Goods Inventory, December 31, 2020248.000

Required:

PrepareaCost of Goods Manufactured/Sold Statementand anIncome Statementof Company A for the year 2020.(25pts)