The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 22,300 $ 25,000 Work-in-process inventory 32,000 29,300 Finished goods inventory 5,900 6,600 Direct materials used during the year amount to $46,100 and the cost of goods sold for the year was $53,300. Required: Prepare a cost of goods sold statement.