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

Inventories	January 1	December 31
Materials	$346,000	$436,600
Work in process	625,200	590,200
Finished goods	608,400	573,500

	December 31
Advertising expense	$ 294,800
Depreciation expense-office equipment	43,920
Depreciation expense-factory equipment	55,720
Direct labor	668,800
Heat, light, and power-factory	22,280
Indirect labor	77,250
Materials purchased	659,000
Office salaries expense	185,100
Property taxes-factory	15,300
Property taxes-office building	33,000
Rent expense-factory	32,700
Sales	3,014,000
Sales salaries expense	419,000
Supplies-factory	15,000
Miscellaneous costs-factory	9,100

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.