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 January 1 December 31 $207,850 $253,580 374,130 344,870 359,580 352,480 $172,180 24,340 32,710 390,510 12,930 45,640 382,910 133,640 10,650 22,060 18,000 1,792,810 220,110