The following statement are

1 Shift A D BTS A The sundry manufacturing costs include the following Materials purchases 1,600,000 P Direct labor 2,000,000 B Heat, light and power 600,000 Repairs and maintenance 100,000 Indirect labor 360,000 Other factory overhead 340,000 Factor supplies purchased 300,000 Total sundry manufacturing costs 5,300,000 Required: Prepare an income statement in good form supported by schedule of cost of goods manufactured.Mat on TFPPCA HERN Uat on IF&A HERN Problem 9-4 (IAA) Ronald Company prepared the following statement for the current year: Sales Increase in inventories 7,120.000 Cost of goods sold: 380,000 7,500,000 Sundry manufacturing costs Depreciation of factory building 5,300,000 Freight on purchases 280,000 220,000 5,800,000 Gross income Other income: 1,700,000 Purchase discounts Interest revenue 20,000 160,000 Total 180,000 Other expense: Sales returns and allowances 140,000 40,000 Operating income 1,740,000 Administrative expenses 340,000 Selling expenses 200,000 Income tax 200,000 740,000 Net income 1,000,000 Inventories, January 1: Materials 1,120,000 Factory supplies 660,000 Goods in process 360,000 2,560,000 Finished goods 420,000 Inventories, December 31: 1,560,000 Materials 540,000 Factory supplies 320,000 Goods in process 520,000 2,940,000 Finished goods 380,000 Increase in inventories