The following cost and inventory data for the just completed year are taken from the accounting records of Company A: Costs incurred: $ $ Advertising expense 100,000 Direct labor cost 90,000 Purchases of raw materials 132,000 Rent, Factory building 80,000 Indirect labor 56,300 Sales commissions 35,000 Utilities, factory 9,000 Maintenance, factory equipment 24,000 Supplies, factory 700 Depreciation, factory equipment 40,000 Depreciation, office equipment 8,000 Inventories: Beginning of Year ($) End of Year ($) Raw materials 8,000 10,000 Work in process 5,000 20,000 Finished goods 70,000 25,000 Prepare the cost of goods sold section of the companys income statement for the year.