PR 1-5B Statement of cost of goods manufactured and income statement for a manufacturing company The following information is available for Yu Company for 2012: ocis Inventories January 1 December 31 Materials $47,000 $58,500 Work in process 67,000 59,000 Finished goods 70,000 62,000 Advertising expense $ 42,500 Depreciation expense-office equipment Depreciation expense-factory equipment 13,800 9,000 Direct labor 115,000 Heat, light, and power-factory 3,600 Indirect labor 14,400 Materials purchased Office salaries expense 76,000 46,800 Property taxes-factory Property taxes-headquarters building Rent expense-factory 2,500 8,400 4,000 Sales 529,000 Sales salaries expense 82,500 Supplies-factory Miscellaneous cost-factory 3,000 2,000 Instructions 1. Prepare the 2012 statement of cost of goods manufactured. 2. Prepare the 2012 income statement