The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,800 $ 24,600 Work-in-process inventory 32,400 28,800 Finished goods inventory 6,000 7,200 Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement.