|. license fees for use of patent for lawn mower blade, based on the number of lawn mowers produced m. Maintenance costs for new robotic factory equipment, based on hours of usage n. Paint used to coat the lawn mowers, the cost of which is immaterial to the cost of the final product 0. Payroll taxes on hourly assembly line employees p. Plastic for outside housing of lawn mowers q. Premiums on insurance policy for factory buildings r. Property taxes on the factory building and equipment 5. Salary of factory supervisor t. Salary of quality control supervisor who inspects each lawn mower before it is shipped u. Salary of vice president of marketing 1:. Steel used in producing the lawn mowers w. Steering wheels forlawn mowers x. Straightline depreciation on the robotic machinery used to manufacture the lawn mowers 1;. Telephone charges for company :3I':r:- le-"s office 2. Tires for lawn mowers {305125 Classification b. d. E. Attorney fees for drafting a new lease for headquarter ofces Cash paid to outside firm for janitorial services for factory . Commissions paid to sales representatives, based on the number of lawn mowers sold Cost of advertising in a national magazine Cost of boxes used in packaging lawn mowers . Electricity used to run the robotic machinery . Engine oil used in mower engines prior to shipment . Factory cafeteria employees' wages . Filter for spray gun used to paint the lawn mowers . Gasoline engines used for lawn mowers Hourly wages of operators of robotic machinery used in production Product costs-direct materials cost v Product costs-direct labor cost v Product costsfactor}: overhead cost v Product costs-factor; overhead cost v Period costs-selling expense v Period costs-administrative expense v v Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December: On Off Company Company Materials inventory, December 1 $68,160 $88,610 Materials inventory, December 31 (a) 100,130 Materials purchased 173,130 (a) Cost of direct materials used in production 182,670 (b) Direct labor 256,960 199,370 Factory overhead 79,750 99,240 Total manufacturing costs incurred in December (b) 573,310 Total manufacturing costs 650,250 650,250 Work in process inventory, December 1 130,870 213,550 Work in process inventory, December 31 110,420 (c) Cost of goods manufactured (c) 567,990 Finished goods inventory, December 1 115,190 99,240 Finished goods inventory, December 31 120,640 (d) Sales 1,004,680 886,100 Cost of goods sold (d) 573,310 Gross profit (e) (e) Operating expenses 130,870 (f ) Net income (f) 196,710 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company d b. C.2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Direct materials: Total manufacturing costs incurred during December Total manufacturing costs 10800 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 $ Cost of goods sold:Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 2016: Inventories January 1 December 31 Materials $423,020 $524,540 Work in process 761,440 713,370 Finished goods 731,820 729,110 Advertising expense $356,160 Depreciation expense-office equipment 50,360 Depreciation expense-factory equipment 67,670 Direct labor 807,790 Heat, light, and power-factory 26,750 Indirect labor 94,420 Materials purchased 792,060 Office salaries expense 276,430 Property taxes-factory 22,030 Property taxes-headquarters building 45,630 Rent expense-factory 37,240 Sales 3,708,500 Sales salaries expense 455,300 Supplies-factory 18,360 Miscellaneous costs-factory 11,540 Required:1. Prepare the 2016 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 206 Direct materials: Factory overhead: 100 Total factory overhead Total manufacturing costs incurred in 20Y6 Total manufacturing costs Cost of goods manufactured2. Prepare the 2016 income statement. Shanika Company Income Statement For the Year Ended December 31, 20Y6 Cost of good sold: Operating expenses: Administrative expenses: Selling expenses: Total operating expenses