Instructions The following information is available for Robstown Corporation for 20Y8: Inventories Materials Work in process Finished goods January 1 December 31 $77,600 593,600 109,000 96,700 112,000 109,000 December 31 $ 69,000 23,000 14.000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor 186,700 5.900 24.860 Materials purchased 123 200 Office salaries expense 75,800 nara Direct labor 186,700 5,900 24 860 123,200 75,800 4,005 Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-tactory 12,000 6,375 862,000 135,000 3,500 4,620 Required: a. Prepare the 20Y8 statement of cost of goods manufactured. 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. For those boxes in which you must Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured X SOLITOLOSTORU (Label) 1 1 > Direct materials 5 5 9 Factory overhead 00AL 125,800 Instructions Labels and Amount Descriptions Statement of Cost of Goods Manufactured Income Statement X X a 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: Not loss should be negative Expenses should be positive Robstown Corporation Income Statement (Label) 1 Cost of goods sold VCU UUDUGUST dulu Income Statement Operating expenses 10 Administrative expenses 11 12 13 14 Selling expenses 15 16 17