Samsung Company produced 17,010 smart TV monitor during 2023. Samsung had 280 smart TV monitors in finished goods inventory at the beginning of the year. At the end of the year, there were 1,300 smart TV monitors in finished goods inventory. The TV monitors sell for $150 each. Samsung's accounting records provide the following information for the financial year 2023: Purchases of direct materials $190,000 Direct materials inventory, January 1 $43,100 Direct materials inventory, December 31 $37,090 Direct labor $226,870 Indirect labor $89,610 Depreciation, factory building $124,780 Depreciation, factory equipment $71,460 Property taxes on factory $7,370 Utilities, factory $17,010 Insurance on factory $22,690 Research and development $13,610 Salary, sales supervisor $9,640 Commissions, salespersons $41,970 General administration $44,240 Work in process inventory, January 1 $51,040 Work in process inventory, December 31 $85,070 Finished goods inventory, January 1 $12,190 Finished goods inventory, December 31 $55,470 Do not enter dollar signs or commas in the input boxes. Do not use the negative sign. a) Prepare a cost of goods manufactured statement for December. Samsung Company Statement of Costs of Goods Manufactured For the Year Ended December 31, 2023 Beginning work in process Answer Direct materials: Beginning inventory Answer Purchases Answer Materials available Answer Ending inventory Answer Direct materials used Answer Direct labor Answer Manufacturing overhead: Insurance on factory Answer Indirect labor Answer Depreciation, factory building Answer Depreciation, factory equipment Answer Property taxes on factory Answer Utilities, factory Answer Total overhead costs Answer Ending work in process Answer Cost of goods manufactured Answer b) Prepare an income statement for December. Samsung Company Income Statement For the Year Ended December 31, 2023 Sales Answer Cost of goods sold: Cost of goods manufactured Answer Beginning finished goods inventory Answer Goods available for sale Answer Ending finished goods inventory Answer Answer Gross margin Answer Expenses Research and development Answer Salary, sales supervisor Answer Commissions, salespersons Answer General administration Answer Answer Net Income