The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,900 32,400 5,200 December 31 (Ending) $ 25,000 29,100 6,800 Direct materials used during the year amount to $45,800 and the cost of goods sold for the year was $52,900. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct materials used Total manufacturing costs Total costs of work-in-process