Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: January 1 December 31 Inventories Materials $381,180 $480,290 Work in process 686,120 653,190 Finished goods 659,440 667,600 Advertising expense $326,120 Depreciation expense-office equipment 46,110 Depreciation expense-factory equipment 61,960 Direct labor 739,650 Heat, light, and power-factory 24,490 Indirect labor 86,450 Materials purchased 725,240 Office salaries expense 253,110 Property taxes-factory 20,170 Property taxes-headquarters building 41,790 Rent expense-factory 34,100 Sales 3,395,650 Sales salaries expense 416,890 Supplies-factory 16,810 Miscellaneous costs-factory 10,570 Required: