The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,800 $ 25,100 Work-in-process inventory 32,800 28,900 Finished goods inventory 5,700 7,500 Direct materials used during the year amount to $45,800 and the cost of goods sold for the year was $53,100. Required: Prepare a cost of goods sold statement.