The following information is available for Robstown Corporation for 20Y8 Inventories Materials Work in process Finished goods January 1 $77,250 108,800 112,500 December 31 $93,600 96,700 108,400 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 Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory December 31 $67,800 23,000 14,600 186,100 5,550 23,800 123,800 78,300 4,145 13,800 6,550 861,500 138,500 4,750 4,420 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 20Y8 income statement Enter all amounts as positive numbers.* 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, 20Y8 Finished goods inventory, January 1, 20Y8 Gross profit Heat, light, and power-factory Indirect labor Materials inventory, December 31, 20Y8 Materials inventory, January 1, 20Y8 Miscellaneous costs-factory Net income Office salaries expense Property taxes-factory Property taxes-factory Property taxes-office building Purchases Rent expense-factory Sales Sales salaries expense Supplies-factory Total manufacturing costs incurred in 20Y8 Total operating expenses Work in process inventory, December 31, 20Y8 Work in process inventory, January 1, 20Y8