The following information is available for Robstown Corporation for 20Y8:

Inventories January 1 December 31

Materials $77,600 $93,600

Work in process 109,000 96,700

Finished goods 112,000 109,900 December 31

Advertising expense $ 69,000

Depreciation expense-office equipment 23,000

Depreciation expense-factory equipment 14,000

Direct labor 186,700

Heat, light, and power-factory 5,900

Indirect labor 24,860

Materials purchased 123,200

Office salaries expense 75,800

Property taxes-factory 4,005

Property taxes-office building 12,600

Rent expense-factory 6,375

Sales 862,000

Sales salaries expense 135,000

Supplies-factory 3,500

Miscellaneous costs-factory 4,620

Required:

a. Prepare the 20Y8 statement of cost of goods manufactured. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions 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.

b. Prepare the 20Y8 income statement. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive.