R and K Widget Company December 31, 2008 Adjusted Trial Balance
	Debit	Credit
Cash	11,700
Accounts receivable	400
Materials inventory	2,600
Work in process inventory	1, 800
Finished goods inventory	1,200
Plant and equipment	5,000
Accumulated depreciation, plant and equipment		500
Accounts payable		8,600
Common stock		6,000
Retained earnings		11,000
Sales		40,000
Direct factory labor	13,600
Material purchases	11,900
Depreciation, plant and equipment	2,000
Freight-in materials	1,100
Insurance and taxes, plant and equipment	200
Indirect factory labor	5,800
Rent, administrative building	5,500
Salaries, general and administrative	2,300
Office supplies, general and administrative	1,000
	66,100	66,100

Additional information:

Materials inventory (ending) $ 2,800

Work in Process (ending) $ 3,200

Finished goods (ending) $ 2,100

Required:

From the above adjusted trial balance, prepare:

1. A cost of goods manufactured statement

2. An income statement

3. A balance sheet

Also, make the journal entries necessary to close the accounts.