Task 2 Raffan & Kay provides you with the following details. Balances in the ledger at 1 July 2017 Direct material inventory 29,450 Indirect material inventory 2,900 W.I.P. Balances Direct material 4,000 Direct labour 1,600 Factory overhead 1,600 Work in process inventory 7,200 Finished goods inventory 64,600 Direct wages accrued 8,600 Indirect wages accrued 400 Factory rates prepaid 2,600 Transactions during the year ended 30 June 2018 include Sales 387,100 Return inwards 3,000 Purchase of finished goods 7,150 Purchase of direct material 90,640 Purchase of indirect material 10,690 Purchase returns direct material 2,350 Purchase returns finished goods 50 Freight inwards of finished goods 190 Freight inwards of direct material 1,380 Freight inwards of indirect material 06 Direct wages paid 66,100 Indirect wages paid 9,940 Factory rates paid 4,910 Factory power 3,850 Other factory costs 18,500 At 30 June 2018 the following need adjusting Direct wages accrued 8,150Balances in the ledger at 1 July 2017 Indirect wages accrued 360 Depreciation on factory buildings 2,465 Depreciation on factory equipment 5,765 Factory rates prepaid 3,090 Physical stock take at 30 June 2018 showed Direct material Work in process 3,570 Direct labour Work in process 1,650 Factory overhead Work in process 1,650 Work in process on hand 6,870 Direct material on hand 23,950 Indirect material on hand 1,330 Finished goods on hand 31,790 Required: Prepare for the year ended 30/6/2018: a) Manufacturing Statement - properly formatted b) Trading Statement or Revenue Statement to Gross Profit only