$\backslash$table$[[\backslash$table$[[$NORTON INDUSTRIES$],[$Preclosing

$\backslash$table$[[$Account$],[$May $31],[($$$000$ omitted$)]]],[$Cash and marketable securities$]]],[$Accounts and notes receivable,$555],[$Direct materials inventory $($April $30),210],[$Work$-$in$-$process inventory $($April $30),48],[$Finished goods inventory $($April $30),190],[$Property$,$ plant, and equipment $($net$),307],[$Accounts$,$ notes, and taxes payable,$1,290],[$Bonds payable,$80],[$Paid$-$in capital,$520],[$Retained earnings,$90],[$Sales$,900],[$Sales discounts,$1,932],[$Other revenue,$30],[$Purchases of direct materials,$2],[$Direct labor,$610],[$Indirect factory labor,$380],[$Office salaries,$130],[$Sales salaries,$162],[$Utilities$,82],[$Rent$,195],[$Property tax,$29],[$Insurance$,100],[$Depreciation$,25],[$Interest expense,$58],[$Freight$-$in for materials purchases,$13],[,35]]$

Required:

Prepare a statement of cost of goods manufactured for Norton Industries for May.

Prepare an income statement for Norton Industries for May.