Hamilton Company manufactures custom cabinets. It uses a job costing system with overhead allocated based on machine hours. Budgeted factory overhead for the year 2018 was $1,232,500, and management also budgeted 85,000 machine hours for the year. The companys tax rate is 21% (Round taxes to the nearest dollar). Below is Hamilton Companys trial balance at the beginning of October 2018.

Cash $25,600 Accounts Receivable.. 19,200 Finished Goods.. 42,300 Work in Process. 33,500 Materials 15,600 Prepaid factory Insurance..... 12,000 Machinery and Equipment 400,000 Accumulated Depreciation $180,000 Accounts Payable.. 18,900 Capital Stock. 250,000 Retained Earnings 99,300 Total $548,200 $548,200 The following transactions occurred during October: Oct 1. Borrowed from Statewide Bank on a 3-year note payable, $80,000. 2. Purchased materials on account for $42,000. 3. Issued materials to production totaling $45,000, 85 percent is direct materials and the remainder indirect materials. 5. Incurred research and development expense on account, $7,500. 10. Paid factory janitorial service, $7,900. 15. Declared a cash dividend of $2,500 17. Paid factory utility bill, $3,500. 19. Incurred restructuring costs on account, $5,000. 20. Paid other factory overhead costs, $4,000. 24. Paid administrative expenses, $9,800. 24. Payroll costs totaling $30,000 (but not yet paid) were incurred as follows: $17,300 for assembly line workers; $12,700 for factory supervision. 25. Prepaid factory insurance expired, $4,000. 26. Paid the cash dividend declared on Oct. 15, $2,500. 27. Paid selling expenses, $28,000. 27. Recorded depreciation: $9,000 for factory machines and equipment and $1,000 for office equipment. 28. Allocated manufacturing overhead to production. During October the company used 3,000 machine hours.

28. Paid payroll costs, $30,000. 29. Completed jobs costing $100,000 and transferred them to the storeroom. 30. Made sales on account, $160,000. The cost of goods sold was $96,000. 31. Collected from accounts receivable, $85,000. 31. Paid accounts payable, $65,000. 31. Accrue interest on loan, $800. 31. Calculate the overallocated or underallocated overhead and close this amount to the Cost of Goods Sold account.

Required Prepare a multiple-step income statement and a classified balance sheet for October 2018.

and need How to get the Cost of Good Sold which is the schedule of good sold