The following data pertain to Babor Company for the fiscal year ended December $31$:

Prior December $31$ Current December $31$

Purchases of materials $ $165,000$

Direct labor $114,000$

Indirect labor $45,000$

Factory insurance $8,000$

Depreciation$$factory $33,000$

Repairs and maintenance$$factory $11,000$

Marketing expenses $144,000$

General and administrative expenses $86,000$

Materials inventory $ $23,00055,000$

Work$-$in$-$Process inventory $13,00016,000$

Finished Goods inventory $17,00024,000$

Sales in the current year were $$625,000.$

Required:

Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company.