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

	Prior December 31				Current December 31
Purchases of materials					$	202,500
Direct labor						132,750
Indirect labor						52,500
Factory insurance						9,500
Depreciationfactory						36,750
Repairs and maintenancefactory						15,500
Marketing expenses						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.