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Hi please help i will give you a thumbs up for clear formatting and correct solutions. thank you Use the below information to prepare the

Hi please help i will give you a thumbs up for clear formatting and correct solutions. thank you

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Use the below information to prepare the following statements for Purple Corporation for the Year Ended December 31, 2019: 1) Statement of Cost of Goods Manufactured 2) Income Statement Supervisory and indirect labor 765,900 Insurance Expense 475,000 Factory maintenance & repairs 235,000 Utilities Expense 185,000 Supplies and indirect materials 395,000 Work in Process Inventory, Jan 645,000 Work in Process Inventory, Dec 31 1,250,000 Advertising Expense 525,000 Office Salaries Expense 2,200,000 Depreciation Expense-Factory Building 860,000 Sales Commissions 600,000 Supplies Expense 190,000 Rent-Corporate Office 3,010,000 Direct labor 800,000 Material purchases 1,500,000 Finished Goods Inventory, Jan 1 2,750,000 Finished Goods Inventory, Dec 31 1,650,000 Depreciation Expense-Factory Equipment 575,000 Sales Salaries Expense 1,250,000 Heat, light & power-Factory 435,600 Depreciation Expense-Office Equipment 480,000 Telephone Expense 325,000 Property Taxes-Factory Building 989,600 Material, January 1 430,000 Material, December 31 760,000 Sales Revenue 16,500,000

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