Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: Inventories Materials Work in process Finished goods Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory < Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory January 1 December 31 $358,150 $447,690 644,670 608,860 619,600 622,290 $303,980 42,980 57,750 689,440 22,830 80,580 676,010 235,930 18,800 38,950 31,790 3,165,170 388,590 15,670