Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $404,310 $497,300 Work in process 727,760 676,330 Finished goods 699,460 691,250 Advertising expense $337,670 Depreciation expense-office equipment 47,740 Depreciation expense-factory equipment 64,150 Direct labor 765,840 Heat, light, and power-factory 25,360 Indirect labor 89,510 Materials purchased 750,920 Office salaries expense 262,080 Property taxes-factory 20,890 Property taxes-headquarters building 43,270 Rent expense-factory 35,310 Sales 3,515,910 Sales salaries expense 431,660 Supplies-factory 17,410 Miscellaneous costs-factory 10,940 Required: Question Content Area 1. Prepare the 20Y6 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y6 $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - Factory overhead: $- Select - - Select - - Select - - Select - - Select - - Select - - Select - Total factory overhead fill in the blank 8362b1f87f9bf8d_29 Total manufacturing costs incurred in 20Y6 fill in the blank 8362b1f87f9bf8d_30 Total manufacturing costs $fill in the blank 8362b1f87f9bf8d_31 - Select - Cost of goods manufactured $fill in the blank 8362b1f87f9bf8d_34 Question Content Area 2. Prepare the 20Y6 income statement. Shanika Company Income Statement For the Year Ended December 31, 20Y6 $- Select - Cost of good sold: $- Select - - Select - $- Select - - Select - - Select - $- Select - Operating expenses: Administrative expenses: $- Select - - Select - - Select - $- Select - Selling expenses: $- Select - - Select - - Select - Total operating expenses fill in the blank 91595706403dffc_27 $- Select