Prepare income statement from the below information. Show manufacturing cost, cost of goods manufactured and cost of goods sold in the statement.

Direct Material opening stock is Rs.1,572,400, Purchases is Rs.8,420,000, purchase return is Rs.42,000

closing raw material is Rs1,270,000.

Conversion cost total is Rs. 11,352,300. Calculate Direct labor separately in the statement.

WIP opening stock is Rs.2,338,000 and WIP closing stock is Rs.1,303,200.

Opening finished goods is Rs. 966,100 and Closing finished goods is Rs.658,000.

Sales is Rs.25,000,000.