The following information is available for Robstown Corporation for 20Y8. Inventories Materials January 1 $44,250 December 31 $31,700 Work in process Finished goods 63,900 101,200 80,000 99,800 December 31 S 400,000 30,000 80,000 1,100,000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-office building Rent expense-factory 53,300 115,000 556,600 318,000 40,000 25,000 27,000 Sales 3,850,000 Sales salaries expense Supplies-factory Miscellaneous costs-factory 200,000 9,500 11,400 Required: a. Prepare the 20Y8 statement of cost of goods manufactured. For those boxes in which you must enter subtracted or negative numbers use a minus sign b. Prepare the 2048 income statement *Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries 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, 2048 Finished goods inventory, January 1, 2048 Gross profit Heat, light, and power-factory Indirect labor Materials inventory, December 31, 2048 Materials inventory, January 1, 2018 Miscellaneous costs-factory Net income Office salaries expense Property taxes-factory Property taxes-office building eck My Work eBook Show Me How Calculator Property taxes-office building Purchases Rent expense-factory Sales Sales salaries expense Supplies-factory Total manufacturing costs incurred in 2048 Total operating expenses Work in process inventory, December 31, 2048 Work in process inventory, January 1, 2048 a. Prepare the 2048 statement of cost of goods manufactured Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Robstown Corporation Statement of Cost of Goods Manufactured For the Year Ended December 31, 2018 Direct materials Total factory overhead factory overhead: Total factory overhead 19 Total manufacturing costs