Question 2: Good Vibrations, Inc., produces videotapes of musical performances. newly hired executive of the company has asked you to sort through the prepare a statement of the company's cost of goods manufacture following data from records prepared by Good Vibrations, Inc.- December 31: you to sort through the records and "Pany's cost of goods manufactured. You find the Good Vibrations, Inc., for the year ended Items Beginning Direct Materials Inventor, January 1 Ending Direct Materials Inventory, December 31 Beginning Work In Process Inventory, January 1 Ending Work In Process Inventory, December 31 Materials Purchases Direct Labor Indirect Labor Factory Utilities Expense Factory Supplies Expense Depreciation Expense - Factory Building Depreciation Expense - Factory Equipment Other Manufacturing Overhead Finished Goods Inventory On January 1 Ending Finished Goods Inventory On December 31 Sales Sales Returns And Allowances Sales Discounts Selling Expenses Administrative Expenses Insurance Expense Amount $ 6,000 10,500 10,000 9,500 50,000 40,000 15,000 7,000 5,000 14.000 10,500 5,000 400.000 5,000 20,000 $50,000 75,000 45,000 Prepare a statement of cost of goods manufactured and Income statement for Good Vibrations, Inc., for the year ended December 31