The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 22,300 $ 25,100 Work-in-process inventory 32,800 29,300 Finished goods inventory 5,900 7,400 Direct materials used during the year amount to $46,100 and the cost of goods sold for the year was $52,600. Required: Prepare a cost of goods sold statement.