Instructions The following information is available for Robstown Corporation for 20Y8: January 1 December 31 Inventories Materials $347,000 $435,000 Work in process 627,000 590,600 Finished goods 608,200 571,000 December 31 Advertising expense Depreciation expense-office equipment $295,200 44,400 Depreciation expense-factory equipment 55,000 Direct labor 669,600 Heat, light, and power-factory 22,480 Indirect labor 76,750 Materials purchased 658,600 Office salaries expense 185,300 Property taxes-factory 18,200 Property taxes-office building 32,400 Instructions Depreciation expense-office equipment 44,400 Depreciation expense-factory equipment 55,000 Direct labor 669,600 Heat, light, and power-factory 22,480 Indirect labor 76,750 Materials purchased 658,600 Office salaries expense 185,300 Property taxes-factory 18,200 Property taxes-office building 32,400 Rent expense-factory 32,500 Sales 3,016,000 Sales salaries expense 419,000 Supplies-factory 15,900 Miscellaneous costs-factory 9,600 Required: a. Prepare the 20Y8 statement of cost of goods manufactured. b. Prepare the 20Y8 income statement. 1 2 Direct materials: 3 7 10 11 12 13 Factory overhead: Robstown Corporation Statement of Cost of Goods Manufactured (Label) Income Statement Robstown Corporation Income Statement 1 2 Cost of goods sold: 3 4 5 " 1 Operating expenses 10 Administrative expenses: 11 12 11 14 Selling expenses: (Label)