The following information appears in HASF records for last year

Administrative cost 80,000

Manufacturing building depreciation 14,000

Indirect materials and supplies 17,600

Raw material inventory Jan 1 36,800

Direct labor 91,200

Raw material inventory Dec 31 38,000

Finished goods inventory January 1 71,800

Finished goods inventory Dec 31 48,000

Raw material purchases 44,600

Work in process Dec 31 26,200

Supervisory and indirect labor 28,800

Plant utilities and power 47,000

Work in process Jan -1 30,800

Sales Revenue 420,800

Selling Marketing exp 15,000

Prepare an income statement with a supporting schedule of cost of goods manufactured and cost of goods sold