Statement of Cost of Goods Manufactured and Income Statement for a Manufacturing Company The followinn information ie availahle for Shanika Comnanv for 20 Y6: Shanika Company Income Statement For the Year Ended December 31, 20 Y6 Cost of goods sold: Operating expenses: Administrative expenses: Selling expenses: Total operating expenses 1. Prepare the statement of cost of goods manufactured. Factory overhead: Total factory overhead Total manufacturing costs incurred Total manufacturing costs Cost of goods manufactured 2. Prepare the income statement. Shanika Company Income Statement For the Year Ended December 31, 20Y6 Cost of goods sold