The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,700 $ 25,500 Work-in-process inventory 33,000 29,100 Finished goods inventory 5,800 7,100 Direct materials used during the year amount to $45,600 and the cost of goods sold for the year was $52,800. Required: Prepare a cost of goods sold statement.