Information for Jersey Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured for the year ended December 31;

Administrative salaries expense $ 127,000

Depreciation expenseFactory equipment 42,800

Depreciation expenseDelivery vehicles 46,200

Depreciation expenseOffice equipment 16,800

Advertising expense 25,530 Direct labor 248,000

Factory supplies used 16,000

Income taxes expense 90,050

Indirect labor 38,000

Indirect material 27,000

Factory insurance 17,500

Factory utilities 13,000

Factory maintenance 5,500

Inventories Raw materials inventory, January 1 35,000

Raw materials inventory, December 31 26,000

Work in Process inventory, January 1 31,780

Work in Process inventory, December 31 37,460

Finished goods inventory, January 1 52,970

Finished goods inventory, December 31 64,000

Raw materials purchases 335,000 Rent expenseFactory 40,000

Rent expenseOffice space 22,000

Rent expenseSelling Space 26,000

Sales salaries expense 98,500

Sales 1,552,000

Sales discounts 35,000

Bonus 10 points calculate Cost of Goods Sold

Bonus 25 points - prepare the company's income statement that reports separate categories for selling and general and administrative expenses.