The following data pertain to Babor Company for the fiscal year ended December 31: Purchases of materials Direct labor Indirect labor Prior December 31 Current December 31 $ 202,500 132,750 52,500 9,500 Factory insurance. Depreciation-factory Marketing expenses 36,750 Repairs and maintenance-factory 15,500 149,250 General and administrative expenses 88,250 Materials inventory $ 30,500 66,250 Work-in-Process inventory 16,750 19,000 Finished Goods inventory 18,500 24,400 Sales in the current year were $676,000. Required: Prepare a schedule of cost of goods manufactured and an income statement for the current year for Babor Company. Complete this question by entering your answers in the tabs below. Required: Prepare a schedule of cost of goods manufactured and an Income statement for the current year for Babor Company. Complete this question by entering your answers in the tabs below. Stmt of COGM Income Statement Prepare a schedule of cost of goods manufactured for the current year for Babor Company. Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Materials available Direct materials used Factory overhead Direct materials Babor Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Materials available Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured Prepare an income statement for the current year for Babor Company. Babor Company Income Statement For the Year Ended December 31 Cost of goods sold Cost of goods available for sale Cost of goods sold Total selling & administrative expenses