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

	Prior December 31				Current December 31
Purchases of materials					$	170,000
Direct labor						116,500
Indirect labor						46,000
Factory insurance						8,200
Depreciationfactory						33,500
Repairs and maintenancefactory						11,600
Marketing expenses						124,700
General and administrative expenses						86,300
Materials inventory	$	24,000				56,500
Work-in-Process inventory		13,500				16,400
Finished Goods inventory		17,200				24,400

Sales in the current year were $572,000.

Required:

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