Exercise 2-35 Prepare Statements for a Manufacturing Company (LO 2-2, 4) The following balances are from the accounts of Tappan Parts: January1 (Beginning) December 31 (Ending) 962,000 S 884,000 Direct materials inventory Work-in-process inventory Finished goods inventory 1,430,000 364,000 1,354,000 312,000 Direct materials used during the year amount to $1,196,000 and the cost of goods sold for the year was $1,378,000 Required: Prepare a cost of goods sold statement