The following information applies to the Korona's Lawnmower Company for the year ended December 31, 2018: Factory Rent Direct Matenals Inventory. Beginning Direct Mate nals Inventory. Ending Direct Matenals Purc hases Direct Labor--Wages Indirect Labor-Wages Finished Goods Inventory. Beginning Finished Goods inventory. E nding Indirect M aterials Plant Utlities General and Administrative Work-in-Process Inventory, Beginnin Work-in-Process Inventory. Ending Marketing Expenses Sales Revenue 80,000 50,000 45,000 325,000 550,000 25,000 50.000 75,000 50,000 25.000 130,000 50.000 55,000 180,000 1,825.000 Required: Prepare a statement of cost of goods manufactured and an income statement for the year ended December 31, 2018