please answer both and show all calculations!!!

Toto Inc. manufactures and sells a unique product. The following data are extracted from the accounting records at December 31, 2016: Depreciation-factory Finished goods inventory.boining $20.000 $3.000 Trect matcrials incl. in Work in progressively be Prec es scenose 3) Salles (25,000 units) Prime costs (total) $200,000 ADDITIONAL INFORMATION: 1. Inventory balances at year-end were: Direct materials $20,000 Work in process $5,000 Finished goods to be determined 2. Supplies: 60 % apply to factory operations 3. Property taxes: 50 % apply to factory operations 4. Direct labour costs are equal to 110 % of manufacturing overhead costs. REQUIRED: 1. Prepare the schedule of Cost of Goods Manufactured at December 31, 2016. 2. Prepare the Income Statement for the period ending December 31, 2016