The following data pertain to Herkul Products Company: Sales revenue $3,000,000 Direct materials inventory, Jan. 1, 2020 60,000 Direct labor-Wages 1050,000 Depreciation expense-Plant and equipment 240,000 Indirect labor-Wages 15,000 Heat, light, and power-Plant 36,000 Supervisor's salary-Plant 120,000 Finished goods inventory, Jan. 1, 2020 105,000 Work-in-Process inventory, Dec. 31, 2020 75,000 Supplies-Administrative office 18,000 Property taxes-Plant 39,000 Finished goods inventory, Dec. 31, 2020 120,000 Direct materials inventory, Dec. 31,2020 90,000 Sales representatives' salaries 570,000 Work-in-Process inventory, Jan. 1, 2020 105,000 Direct materials purchases 300,000 Supplies-Plant 12,000 Depreciation-Administrative office 90,000 REQUIRED 1-A. Prepare a statement of cost of goods manufactured (20 points). 1-B. Prepare income statement for Herkul Products Company for the year ended December 31, 2020