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

Inventories	January 1	December 31
Materials	$351,000	$435,800
Work in process	625,200	590,400
Finished goods	607,400	571,000

	December 31
Advertising expense	$ 296,600
Depreciation expense-office equipment	43,560
Depreciation expense-factory equipment	55,880
Direct labor	669,000
Heat, light, and power-factory	22,060
Indirect labor	76,000
Materials purchased	658,200
Office salaries expense	183,300
Property taxes-factory	18,300
Property taxes-office building	31,200
Rent expense-factory	32,500
Sales	3,011,000
Sales salaries expense	417,000
Supplies-factory	16,000
Miscellaneous costs-factory	9,200

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.