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

Inventories	January 1	December 31
Materials	$78,750	$94,450
Work in process	108,600	96,800
Finished goods	113,750	109,100

	December 31
Advertising expense	$ 69,000
Depreciation expense-office equipment	22,750
Depreciation expense-factory equipment	14,860
Direct labor	184,350
Heat, light, and power-factory	5,950
Indirect labor	24,600
Materials purchased	122,200
Office salaries expense	77,750
Property taxes-factory	4,170
Property taxes-office building	13,200
Rent expense-factory	6,675
Sales	862,000
Sales salaries expense	138,500
Supplies-factory	5,000
Miscellaneous costs-factory	5,280

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. Amount Descriptions: Advertising expense Cost of direct materials used Cost of finished goods available for sale Cost of goods manufacturedCost of goods sold Cost of materials available for use Depreciation expense-factory equipment Depreciation expense-office equipment Direct labor Finished goods inventory, December 31, 2016 Finished goods inventory, January 1, 2016 Gross profit Heat, light, and power-factory Indirect labor Materials inventory, December 31, 2016 Materials inventory, January 1, 2016 Miscellaneous cost-factory Net income Office salaries expense Property taxes-factory Property taxes-office building Purchases Rent expense-factory Sales Sales salaries expense Supplies-factory Total manufacturing costs incurred Total operating expenses Work in process inventory, December 31, 2016 Work in process inventory, January 1, 2016