The following balances are from the accounts of Tappan Parts: Direct materials inventory January 1 (Beginning) $ 21,600 December 31 (Ending) $ 24,900 32,600 28,600 5,600 7,100 Work-in-process inventory Finished goods inventory Direct materials used during the year amount to $46,000 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement.