The following is the accounting records of Bond Hat Company for the year ended December 31, 2021: Inventories:BeginningEnding Materials$13,400 $11,500 Work in process -0- 4,000 Finished goods -0- 4,300 Other information: Direct material purchases$30,000 Plant janitorial services 1,800 Sales salaries expense 4,000 Delivery expense 1,700 Sales revenue119,000 Utilities for plant 1,800 Rent of plant 12,000 Customer service hotline expense 1,100 Direct labor 20,000 Requirements: 1. Prepare a schedule of cost of goods manufactured for Bond hat Company for the year ended December 31, 2021. 2. Prepare an income statement for Bond Hat Company for the year ended December 31, 2021.