...... P1-5 Statement of cost of goods manufactured; income statement; balance sheet The adjusted trial balance for Appleton Appliances, Ltd. on June 30, the end of its first month of operation, is as follows: Appleton Appliances, Ltd. Trial Balance June 30, 2016 Cash $ 15,500 Accounts Receivable 12,600 Finished Goods... 19,300 Work in Process. Materials.. 4,700 Building.... 400,000 Accumulated Depreciation-Building $ 3,000 Machinery and Equipment.... 66,000 Accumulated Depreciation-Mach. and Equip. 2,200 Accounts Payable 9,800 Payroll .... Capital Stock 483,260 63,800 Sales...... 31,460 Cost of Goods Sold ... Factory Overhead 12,500 Selling and Administrative Expenses.... $562,060 $562,060 The general ledger reveals the following additional data: a. There were no beginning inventories. b. Materials purchases during the period were $23,000. C. Direct labor cost was $18,500. d. Factory overhead costs were as follows: es of Cost Accounting ++++ Indirect materials.... $ 1,400 Indirect labor 6,010 Depreciation-building. 3,000 Depreciation-machinery and equipment. 2,200 Utilities 2,750 $15,360 Required: 1. Prepare a statement of cost of goods manufactured for June. 2. Prepare an income statement for June. (Hint: Check to be sure that your figure for Cost of Goods Sold equals the amount given in the trial balance.) 3. Prepare a balance sheet as of June 30. (Hint: Do not forget Retained Earnings.)