The following information is available for Robstown Corporation for 20Y : Required: a. Prepare the 20Y8 statement of cost of goods manufactured. b. Prepare the 20Y8 income statement. Labels and Amount Descriptions Labels For the Year Ended December 31, 20Y8 For the Month Ended December 31, 20Y8 Amount Descriptions Advertising expense Cost of direct materials used in production Cost of finished goods available for sale Cost of goods manufactured Cost of goods sold Cost of materials available for use Depreciation expense-factory equipment Depreciation expense-office equipment Direct labor Finished goods inventory, December 31,20Y Finished goods inventory, January 1,20Y Gross profit Heat, light, and power-factory Labels and Amount Descriptions Materials inventory, January 1,20Y8 Miscellaneous costs-factory Net income Office salaries expense Purchases Property taxes-factory Property taxes-office building Rent expense-factory Supplies-factory Sales Sales salaries expense Total manufacturing costs incurred in 20Y8 Total factory overhead Total manufacturing costs Total operating expenses Work in process inventory, December 31,20Y8 Work in process inventory, January 1,20Y Statement of Cost of Goods Manufactured Shided cells have feodback (X Robstown Corporation Score: 111/192 Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y8 Work in process inventory, January 1,20Y 2. Direct materials: 3 Materials inventory, January 1,20Y8 4 Purchases 5. Cost of materials available for use 6. Materials inventory, December 31,20Y8 7. Cost of direct materials used in production 8 1. Factory overhead: 10 Indirect labor 11 Depreciation expense-factory equipment 1) Heat linht and nower.fartonv Statement of Cost of Goods Manufactured Shaded cells have leedback. 9. Factory overhead: 10 Indirect labor 11 Depreciation expense-factory equipment 12 Heat, light, and power-factory 13 Property taxes-factory 14 Rent expense-factory is Supplies-factory 16 Miscellaneous costs-factory 17 Total factory overhead 18. Total manufacturing costs incurred in 20Y8 19. Total manufacturing costs 20 Work in process inventory, December 31,20Y 21 Cost of goods manufactured Income Statement Shaded cells have toochack X Question not attempted. Robstown Corporation Score: 0/150 Income Statement (tabel) 1 Cost of goods sold: 3 1 4. Openting expenses: erials inventorv. December 31.2018