Make a cost of goods sold statement. Make a cost of goods manufactured. Finally make an income statement for 2016 and 2017

	12/31/2016	12/31/2017
Direct Labor		155,050
Beginning Work in Process inventory	29,900
Ending Finished Goods		41,500
Net Income		28,880
Beginning direct materials	49,150
Manufacturing overhead	115,000
Ending work-in-process inventory	22,895
Cost of Goods sold	363,565	315,225
Selling and Administrative expenses	132,950
Purchases of direct materials		62,250
Total manufacturing costs		318,255
Beginning finished good	35,000
Direct materials used	88,235	51,205
Cost of Goods Manufactured	373,765
Net Sales	525,000	475,000
Ending direct materials	34,165	45,210