Instructions The following information is available for Robstown Corporation for 2018 Inventories Materials January 1 $44.250 63.900 December 31 $31.700 80.000 Work in process Finished goods 101,200 99,800 December 31 $400,000 30 000 30,000 1.100.000 53.300 SHELT Advertising expense Depreciation expense office equipment Depreciation expense tactory equipment Direct labor Heath, and power factory Indirect labor Materials purchased Once sans expense Property tastory Property taxes chce building 15.000 558 600 318.000 0 000 27 000 no items $ o me to each o 9 S 4 00 9 5 6 7 3 3 2 P O U Y T T w R E JIK G H F D S base M N B V X C Sales 3,850,000 Sales salaries expense 200,000 9,500 Supplies-factory Miscellaneous costs-factory 11,400 Required: a. Prepare the 2018 statement of cost of goods manufactured. For those boxes in which you must enter minus sign b. Prepare the 2048 Income statement *Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries Check My Work O A $ 4 96 5 & 7 8 6 3 9 o O E E R T G C . D K K LL N M eBook Show Me How Calculator Amount Descriptions Advertising expense Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Depreciation expense-factory equipment Depreciation expense-office equipment Direct labor Finished goods inventory, December 31, 2018 Finished goods inventory, January 1, 2048 Gross profit Heat light, and power factory Indirect labor Materials inventory, December 31, 2018 Materials inventory, January 1, 2018 Miscellaneous costs-factory Net income Office salaries expense Property taxes-actory Dedy Work Property taxes-office building Purchases Rent expense-factory Sales Sales salaries expense Supplies-factory Total manufacturing costs incurred in 2048 Total operating expenses Work in process inventory, December 31, 2048 Work in process inventory, January 1, 2048 9 C * 3 9 & 7 %% 6 $ 4 5 O U 11 b. Prepare the 2048 income statement. Refer to the Amount Descriptions list provided for the exact wording of the answer choices or textes Robstown Corporation Income Statement For the Year Ended December 31, 2048 1 2 Cost of goods sold: 5 1 Operating $ o 49 O 9 * & 00 6 $ 4 96 5 P 3 T Y R E E K J Dute . 2 F G u 13 14 Selling expenses 15 16 17 18 Check My Work o (hp + 0 & 00 9 % 5 6 Z 4 R T T Y L K K J G . M