The following balances are from the accounts of Tappan Parts:

January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,300		$	25,300
Work-in-process inventory		32,500			29,300
Finished goods inventory		5,300			7,300

Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was $53,100.

Prepare a cost of goods sold statement.