Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information...

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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 January 1 December 31 $358,670 $451,920 645,610 614,610 620,500 628,170 $306,850 43,380 58,300 695,960 23,050 Indirect labor Materials purchased 81,350 682,400 Office salaries expense 238,160 Property taxes-factory 18,980 Property taxes-headquarters building 39,320 Rent expense-factory 32,090 Sales 3,195,070 Sales salaries expense 392,270 Supplies-factory Miscellaneous costs-factory 15,820 9,940 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 January 1 December 31 $358,670 $451,920 645,610 614,610 620,500 628,170 $306,850 43,380 58,300 695,960 23,050 Indirect labor Materials purchased 81,350 682,400 Office salaries expense 238,160 Property taxes-factory 18,980 Property taxes-headquarters building 39,320 Rent expense-factory 32,090 Sales 3,195,070 Sales salaries expense 392,270 Supplies-factory Miscellaneous costs-factory 15,820 9,940