Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in process, 12/31/18 Material Purchases for 2018 (including $23,000 of indirect material) $ 25,700 37,100 111,900 $ 276,900 24,000 41,050 122,200 305,800 Note: The pre-determined overhead rate is 0.91 (91%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,410,000 and operating expenses were $290,000 for 2018