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Robstown Corporation Income Statement (Label) 1. Work in Process $526,500.00 2 Cost of goods sold: 5 4. Operating expenses: 10. Administrative experses: Required: a. Prepare the 20Y8 statement of cost of goods manufactured. b. Prepare the 20 Y 8 income statement. The following information is available for Robstown Corporation for 20Y8 : 2. Operating expenses: 10 Antrninistrative expenses: 11 12 13 34 Selling experses: 15 16 11 4 Points: 0/31 Statement of Cost of Goods Manufactured 13 Heat, light, and power-factory 14 Property taxes factory 15 Supplies-factory 16. Miscellaneous costs factory 17 18 19 20 21. Cost of goods manufactured 6. Materials inventory. December 31,20%8 2. Cost of direct materials used in production 8 Direct labor 9 Factory overhead: 10 Indirect labor 11 Depreciation expense-factory equipment 12. Rent expense-factory 13 Heat, light, and power factory 14 Property taves-factory 15 Supplies-factory 16. Miscellaneous costs factocy 1) 4 19 in $109,100.00185,700.00 Robstown Corporation Score: 160/192 Statement of Cost of Goods Manufactured For the Year Ended Decomber 31, 20 Y8 1 Work in process inventory, lanuary 1,20Y8 2 Direct materials: 3. Materials irmentory, Lanuary 1,20Y8 4 Purchases 3. Cost of materials available for use 6. Materials imentory. December 31, 20Yg 1. Cost of direct materials used in production 1 Direct labor $109,800.00 1. Factory owetheast