.Information for Gifford, Inc., as of December 31 follows. Prepare a manufacturing statement for the year ended December 31.

Note that the (Depreciation of delivery vehicle) for $6,000 is a factory vehicle.

Administrative salaries . $ 35.000 Depreciation of factory equipment . 25, 000 Depreciation of delivery vehicles . 6, 000 Direct labor . 58.000 Factory supplies used .. 9.0.00 Finished goods inventory , January ! ..... . .... 57.0100 Finished goods inventory . December 3 1. Factory insurance ....... 15. 500 Interest expense ........ 12.000 Factory utilities . 14.000 Factory maintenance ........ .. . . . . "^ ^ ^will" 7. 500 Raw materials inventory , January ! .........! ! ! 5.000 Raw materials inventory . December 3 1 . 4. 000 Raw material purchase's .. 125, 000 Rent on factory building* 25, 000 Repairs of factory equipment . 1 1, 500 Sales commissions . 37. 500 Goods in process inventory , January' ! ...... 3. 500 Goods in process inventory , December 3 1 .. 2. 700