Sales revenue $3,000,000 60,000 1050,000 240,000 15,000 36,000 120,000 105,000 75,000 Direct materials inventory, Jan. 1, 2020 Direct labor-Wages Depreciation expense-Plant and equipment Indirect labor-Wages Heat, light, and power-Plant Supervisor's salary-Plant Finished goods inventory, Jan. 1, 2020 Work-in-Process inventory, Dec. 31, 2020 Supplies-Administrative office Property taxes-Plant Finished goods inventory, Dec. 31, 2020 Direct materials inventory, Dec. 31,2020 Sales representatives' salaries Work-in-Process inventory, Jan. 1, 2020 Direct materials purchases Supplies-Plant Depreciation Administrative office 18,000 39.000 120,000 90,000 570,000 105,000 300,000 12,000 90,000 REQUIRED 1-A. Prepare a statement of cost of goods manufactured (20 points). 1-B. Prepare income statement for Herkul Products Company for the year ended December 31, 2020 (20 points). QUESTION TWO: Jan. 2 Innovative Advertising, owned by Miss Zeynep Ayse provides advertising consulting services. During January 2020, the following events occurred: Owner contributed 50,000 dollars and new computer costing 20,500 dollars to start her business. Jan. 4 office supplies were purchased on account for 4,000 doolars. Jan. 10 Innovative Advertising obtained 12% 5-year loan of 20,000 dollars from the bank. Jan. 12 Innovative Advertising paid the utility bills for 2,750 dollars. Jan. 15 Paid the 3,000 dollars in Accounts Payable from the purchase of office supplies on Jan. 4. Jan. 24 Advertising services completed in January were billed to clients Atel' Flowers at 18,300 dollars. Jan. 27 Innovative Advertising received .5,500 dollars from Atel Flowers, a client, as payment on account. Jan. 30 Miss Zeynep Ayse withdrew 6,000 of cash for personal use. Requirement: Prepare the trial balance? as of January 2020 (20 points)