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) S OTTAWA MANUFACTURING COMPANY FINANCIAL INFORMATION FROM ACCOUNTING RECORDS FOR YEAR ENDING DECEMBER 31, 20X0 Sales Revenue Work in Process Inventory, January 1 Office Supplies Expense Direct Materials Inventory, January 1 Insurance Expense (55% for plant, rest for selling and administrative) Direct Materials Inventory, December 31 Electricity Expense (85% for plant, rest for selling and administrative) Finished Goods Inventory, January 1 Depreciation Expense, Plant Equipment Other Selling and Administrative Expenses Depreciation Expense, Building (75% for plant, rest for selling and administrative) Indirect Materials Work in Process, December 31 Direct Labor Finished Goods Inventory, December 31 Indirect Labor Purchases Returns, Direct Materials Purchases of Direct Materials Salaries Expense, General and Administrative 970.000 25,000 10,000 65,000 20.000 52,000 130,000 54.000 15.000 70,000 20,000 35.000 5.000 255.000 21.000 88,000 15.000 320,000 120,000