The following information pertains to the York Company for the year ending December 31, 2019. Hours Revenue Interest Revenue Purchases of raw materials Indirect Labour Beginning Raw material Indirect Materials Supplies [factory] Depreciation of factory machines Depreciation of factory Plant Depreciation of shop Selling cost Marketing costs Wages Store) Supplies [store] Utilities (store) Direct Labour Hours Hourly Rate for direct labour Raw materials inventory Dec 31 2019 WIP Jan 1 2019 Sales Return/ allowances Rent revenue WIP Dec 31 2019 Sales Discounts Finished Goods Inventory Jan 1 2019 Finished Goods Inventory Dec 31 2019 $ 140,000 30000 30,000 8,000 3850 7,000 4,500 7,000 9,000 4,000 12000 10,000 10,000 5,000 2,500 I 4000 20 7,000 6,000 8,000 3,000 5,000 6,000 5,000 2,000 REQUIRED 1. Prepare a COGM statement 2. Prepare an income statement assume interest expense to be $9000 and tax rate to be 20%]