PR 1-5A Statement of cost of goods manufactured and income statement for a manufacturing company.

The following information is available for Robstown Corporation for 20Y8:

Inventories	January 1	December 31
Materials	$44,250	$31,700
Work In Process	$69,900	$80,000
Finished Goods	$101,200	$99,800
Advertising Expense		$400,000
Depreciation Expense - Office Equipment		$30,000
Depreciation Expense - Factory Equipment		$80,000
Direct Labor		$1,100,000
Heat, Light & Power - Factory		$53,300
Indirect Labor		$115,000
Materials Purchased		$556,600
Office Salaries Expense		$318,000
Property Taxes - Factory		$40,000
Property Taxes - Office Building		$25,000
Rent Expense - Factory		$27,000
Sales		$3,850,000
Sales Salaries Expense		$200,000
Supplies - Factory		$9,500
Miscellaneous Costs - Factory		$11,400

Instructions:

1. Prepare the 20Y8 statement of cost of goods manufactured.

2. Prepare the 20Y8 income statement.