The following data pertain to Babor Company for the fiscal year ended December 31: Purchases of materials Direct labor Indirect labor Factory insurance Depreciation-factory Prior December 31 Current December 31 $ 180,000 121,500 48,000 8,600 34,500 Repairs and maintenance-factory 12,800 Marketing expenses 126,100 General and administrative expenses 86,900 Materials inventory $ 26,000 59,500 Work-in-Process inventory 14,500 17,200 Finished Goods inventory 17,600 24,400 Sales in the current year were $604,000. Required: Prepare a schedule of cost of goods manufactured and an Income statement for the current year for Babor Company.