The following data relates to the Buffalo Co.:
Direct Materials Inventory, Beginning	$500
Direct Materials Inventory, Ending	$400
Direct Materials Purchases	$3,500
Direct Labor	$2,500
Manufacturing Overhead	$2,000
Work-in-Process Inventory, Beginning	$1,400
Work-in-Process Inventory, Ending	$1,000
Finished Goods Inventory, Beginning	$3,500
Finished Goods Inventory, Ending	$3,300
?	?
Sales Revenue	$15,000
Selling and Administrative Expenses	$4,000
?	?
Income Tax Rate	20%
Required:
a. Prepare a Statement of Cost of Goods Manufactured.
b. Prepare an Income Statement.