The following is the accounting records of Bond Hat Company for the year ended December 31, 2021:

Inventories: Beginning Ending

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 revenue 119,000

Utilities for plant 1,800

Rent of plant 12,000

Customer service hotline expense 1,100

Direct labor 20,000

Requirements:

Prepare a schedule of cost of goods manufactured for Bond hat Company for the year ended December 31, 2021.

Prepare an income statement for Bond Hat Company for the year ended December 31, 2021.