Information for Calloway, Inc., for April is presented below: Sales Purchases of direct materials Manufacturing supplies used Office supplies used $250,000 35,000 700 600 Salaries: Administrative $6,000 Manufacturing supervisors 3,600 Sales 15,000 Direct labor 61,200 Depreciation: Factory $8,000 Office and office equipment 4,000 Utilities: Factory $5,250 Office 890 Inventories: April 1 Direct materials $5,000 April 30 $3,500 Work-in-process 2,000 2,300 Finished goods 8,000 1,000 Required: 1. Please compute cost of goods manufactured and cost of goods sold. 2. Please prepare an income statement.