please help, shanika company for 20Y6

Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 2076: Inventories January 1 December 31 Materials $77,350 $95,550 Work in process 109,200 96,200 Finished goods 113,750 100,100 $68,250 22,750 14,560 186,550 5,850 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory 23.650 123,500 77,350 4,095 13,650 6,825 864,500 Sales 136.500 Sales salaries expense DS 3.250 4,420 Supplies-factory Miscellaneous costs-factory 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, 2016 Direct materials bi Factory overhead O Total factory overhead Total manufacturing costs incurred in 2016 Total manufacturing costs 1 Dubo 2. Prepare the 2016 Income statement Shanika Company Income Statement For the Year Ended December 31, 2016 Cost of good sold DO Operatin PEDAG Revious Income Statement For the Year Ended December 31, 2016 Cost of good sold: LOCO OD Operating expenses: Administrative expenses Selling expenses: Total operating expenses 00