Instructions The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $352,000 $436,200 Work in process 632,000 590,800 Finished goods 606,200 574,000 December 31 Advertising expense Depreciation expense-office equipment $295,400 43,800 Depreciation expense-factory equipment 56,340 Direct labor 669,400 Heat, light, and power-factory 22,220 Indirect labor 77,000 Materials purchased 659,200 Office salaries expense 185,300 Property taxes-factory 18,500 Property taxes-office building 31,600 Rent expense-factory 33,000 Sales 3,015,000 Sales salaries expense 418.000 Supplies-factory 15.200 Miscellaneous costs-factory 9.700 Required: Check My Work Statement of Cost of Goods Manufactured a. Prepare the 20Y8 statement of cost of goods manufactured. Be aure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those baxes in whi numbers use a minus sign 1 3 4 S 6 T Direct materials: 9Factory overhead: 10 11 12 23 14 15 16 17 18 19 20 121 Robstown Corporation Statement of Cost of Goods Manufactured (Label) Income Statement b. Prepare the 20Y8 income statement. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example: Net loss should be negative. Expenses should be positive 17 Cost of goods sold: 9 Operating expenses 10 Administrative expenses 11 12 13 24 Selling expenses: 15 16 17 18 Robstown Corporation Income Statement (Label)