Giant Machine Ltd. produced 4,000 tables during the year. The tables sell for $400 each. Giant Machine Ltd. had 400 tables in finished goods inventory at the beginning of the year. At the end of the year, there were 700 tables in finished goods inventory.. Giant Machine's accounting records provide the following information. Purchases of raw materials. - $320000 Beginning materials inventory - 46800 Ending materials inventory - 66800 Direct labour - 200000 Indirect labour - 40000 Rent, factory building - 42000 Depreciation, factory equipment - 60000 Utilities, factory - 11900 Salary, sales supervisor - 90000 Commissions, salespersons - 180000 General administration - 300000 Beginning work-in-process inventory - 13040 Ending work-in-process inventory - 14940 Beginning finished goods inventory - 80000 Ending finished goods inventory - 114100 1) Prepare the statement of cost of goods manufactured. 2) Prepare the income statement