The following information is available for The NewQuest Corporation for 2016:

Inventories	January 1	December 31
Materials	$349,000	$435,600
Work in process	630,200	593,000
Finished goods	606,400	570,000

	December 31
Advertising expense	$ 294,400
Depreciation expense-office equipment	42,480
Depreciation expense-factory equipment	55,700
Direct labor	668,400
Heat, light, and power-factory	22,240
Indirect labor	76,250
Materials purchased	659,000
Office salaries expense	183,700
Property taxes-factory	17,400
Property taxes-office building	32,200
Rent expense-factory	32,300
Sales	3,008,000
Sales salaries expense	416,000
Supplies-factory	15,200
Miscellaneous costs-factory	10,000

Required:

A.

Prepare the 2016 statement of cost of goods manufactured.*

B.

Prepare the 2016 income statement.*

* Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers.