Statement of cost of goods manufactured and income statement for a manufacturing company Instructions V Instructions Statement of Cost of Goods Manufactured x tatement of cost of goods manufactured. Be sure to complete the statement heading provided for the exact wording of the answer choices for text entries. For those boxes se a minus sign. a. Prepare the 2048 statement of cost of goods manufactured. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. b. Prepare the 20Y8 income statement. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. January 1 December 31 Instructions Inventories Materials Work in process Finished goods $78,650 $93,450 108,000 96,000 114,750 109,800 December 31 $ 68,600 21,250 14,640 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased 185,050