The following data relates to the Tomball Co.:

Direct Materials Inventory, Beginning	$210
Direct Materials Inventory, Ending	$190
Direct Materials Purchases	$1230
Direct Labor	$810
Factory Overhead	$670
Work-in-Process Inventory, Beginning	$280
Work-in-Process Inventory, Ending	$300
Finished Goods Inventory, Beginning	$640
Finished Goods Inventory, Ending	$590
Sales Revenue	$4,600
Selling and Administrative Expenses	$1,050
Income Tax Rate	30%

Required: Please answer all the following questions, and show your works and computations to get full credits.

1. Prepare a Statement of Cost of Goods Manufactured.

2. Prepare an Income Statement.