Information for Gifford, Inc., as of December 31 follows: Administrative salaries Depreciation of factory equipment Depreciation of delivery vehicles Direct labor Factory supplies used Finished goods inventory, January 1 Finished goods inventory, December 31 Factory insurance Interest expense Factory utilities Factory maintenance Raw materials inventory, January 1 Raw materials inventory, December 31 Raw material purchases Rent on factory building Repairs of factory equipment Sales commissions Goods in process inventory, January 1 Goods in process inventory, December 31 $ 35,000 25,000 6,000 68,000 9,000 57,000 ? 15,500 12,000 14,000 7,500 5,000 4,000 125,000 25,000 11,500 37,500 3,500 2,700 Prepare a manufacturing statement for the year ended December 31