The attached information appears in the accounting records for the Ottawa Manufacturing Company for the year ending December 31, 20X0. REQUIRED: (1) Using the attached form, prepare a statement of cost of goods manufactured for the Ottawa Manufacturing Company for the year ending December 31, 20X0. Using the attached form, prepare an income statement for the Ottawa Manufacturing Company for the year ending December 31, 20X0. (2) OTTAWA MANUFACTURING COMPANY FINANCIAL INFORMATION FROM ACCOUNTING RECORDS FOR YEAR ENDING DECEMBER 31, 20X0 Sales Revenue $ 970,000 Work in Process Inventory, January 1 25,000 Office Supplies Expense 10,000 Direct Materials Inventory, January 1 65,000 Insurance Expense (55% for plant, rest for selling and administrative) 20,000 Direct Materials Inventory, December 31 52,000 Electricity Expense (85% for plant, rest for selling and administrative) 130,000 Finished Goods Inventory, January 1 54,000 Depreciation Expense, Plant Equipment 15,000 Other Selling and Administrative Expenses 70,000 Depreciation Expense, Building (75% for plant, rest for selling and administrative) 20,000 Indirect Materials 35.000 Work in Process, December 31 5,000 Direct Labor 255,000 Finished Goods Inventory, December 31 21,000 Indirect Labor 88,000 Purchases Returns, Direct Materials 15,000 Purchases of Direct Materials 320,000 Salaries Expense, General and Administrative 120,000