Statement of Costs of Goods Manufactured (COGM) and Income Statement for a manufacturer (10 + 3 + 6 = 19 points) The following information is available for Murphy Inc. for 20YY Inventories January 1 December 31 Raw Materials (RM) $57,000 $48,000 Work in process (WIP) 86,000 76,000 Finished Goods (FG) 78,000 67,000 Sales revenue 3,560,000 Other Expenses $ Advertising expense 210,000 Depreciation expense - office equipment 52,000 Depreciation expense - factory equipment 110,000 Direct labor 1,320,000 Heat, light and power - factory 68,000 Indirect labor 110,000 Material purchased 496,000 Office salaries expense 150,000 Factory environmental costs 98,000 Property taxes - office building 16,000 Rent expense - factory 115,000 Sales salaries expense 120,000 Supplies - factory 15,000 Miscellaneous costs -factory 20,000 Required: Use the templates below to prepare the followings statements for the year ended December 20YY for Murphy Inc: A. Statement of Costs of Goods Manufactured B. Statement of Costs of Goods Sold C. Income Statement Answer A. Murphy Inc. Statement of Cost of Goods Manufactured For the Year Ended December 31, 20YY $ $ $ B. Murphy Inc. Statement of Cost of Goods Sold For the Year Ended December 31, 20YY $ C. Murphy Inc. IncomeStatement For the Year Ended December 31, 20YY $