The following data pertain to Bobland Company for the fiscal year ended December 31: Prior December 31 Current December 31 Purchases of materials $ 182,500 Direct labor 122,750 Indirect labor 48,500 Factory insurance 8,700 Depreciationfactory 34,750 Repairs and maintenancefactory 13,100 Marketing expenses 146,450 General and administrative expenses 87,050 Materials inventory $ 26,500 60,250 Work-in-Process inventory 14,750 17,400 Finished Goods inventory 17,700 24,400 Sales in the current year were $612,000.

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