The following data pertain to Babor Company for the fiscal year ended December 31: Prior Current December 31 December 31 $ 212,500 Purchases of materials Direct labor 137,750 54,500 9,900 37,75 16,700 150,650 88,850 Indirect labor Factory insurance Depreciation-factory Repairs and maintenance-factory Marketing expenses General and administrative expenses Materials inventory Work-in-Process inventory Finished Goods inventory $ 32,500 17,750 18,900 69,250 19,800 24,400 Sales in the current year were $708,000. 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. Income Stmt of COGM 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 Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods manufactured < Stmt of COGM Income Statement > Complete this question by entering your answers in the tabs below. Income Stmt of COGM Statement 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 < Stmt of COGM Income Statement >