Q2. Helmer Sporting Goods Company manufactured 100,000 units in 20X5 and reported the following costs: Sandpaper $32,000 Leasing costs-plant Materials handling 320,000 Depreciation-equipment Coolants & lubricants 22,400 Property taxes-equipment Indirect manufacturing labor275,200 Fire insurance-equipment Direct manufacturing labor2,176,000 Direct material purchases Direct materials, 1/1/X5 384,000 Direct materials, 12/31/X5 Finished goods, 1/1/X5 672,000 Sales revenue Finished goods, 12/31/X51,280,000 Sales commissions Work-in-process, 1/1/X5 96,000 Sales salaries Work-in-process, 12/31/X5 64,000 Advertising costs Administration costs $ 384,000 224,000 32,000 16,000 3,136,000 275,200 12,800,000 640,000 576,000 480,000 800,000 Required: prepare cost of goods manufactured schedule and income statement for Helmer Company.