ssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLo eBook Show Me How Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 2016: Inventories January 1 December 31 Materials $210,920 $257,320 Work in process 379,660 349,960 Finished goods 364,890 357,670 Advertising expense Depreciation expense-office equipment $174,720 24,700 Depreciation expense-factory equipment 33,190 Direct labor 396,270 Heat, light, and power-factory 13,120 Indirect labor 46,320 Materials purchased 388,550 Office salaries expense 135,610 Property taxes-factory 10,810. Property taxes-headquarters building 22,390 Rent expense-factory 18,270 Sales 1,819,250 Sales salaries expense 223,350 Supplies-factory 9,010 Miscellaneous costs-factory 5,660 Required: 1. Prepare the 2016 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 2016 Direct materials: