The following data refer to Prasad Ltd for the year ended 2020.

Work in process inventory, 1 January 8,100

Selling and administrative salaries 13,800

Insurance on factory and equipment 3,600

Work in process inventory, 31 December 8,300

Finished goods inventory, 1 January 14,000

Indirect material used 4,900

Depreciation on factory equipment 2,100

Raw material inventory, 1 January 10,100

Property taxes for factory 2,400

Finished goods inventory, 31 December 15,400

Purchase of raw material 39,000

Electricity for factory 6,000

Electricity for sales and administrative office 2,500

Other selling and administrative expenses 4,000

Indirect labor cost incurred 29,000

Depreciation on factory building 3,800

Depreciation on cars used by sales personnel 1,200

Direct labor cost incurred 79,000

Raw material inventory, 31 December 11,000

Rental for warehouse space to store raw material 3,100

Sales revenue 205,800

Income tax expense 5,100

Prepare ABC Ltd.'s:

• Schedule of Cost of Goods Manufactured
• Schedule of cost of goods sold
• Income Statement