Tradewell Company produced 200,000 cases of aerated drinks during the past calendar year. Each case of 800-ml drinks sells for $36. Tradewell had 2,500 cases of aerated drinks in finished goods inventory at the beginning of the year. At the end of the year, there were 11,500 cases of aerated drinks in finished goods inventory. Tradewells accounting records provide the following information: Purchases of direct materials $ 2,350,000 Direct materials inventory, January 1 $ 290,000 Direct materials inventory, December 31 $ 112,000 Direct labour $ 1,100,000 Indirect labour $ 334,000 Depreciation, factory building $ 525,000 Depreciation, factory equipment $ 416,000 Property taxes on factory $ 65,000 Utilities, factory $ 150,000 Insurance on factory $ 200,000 Salary, sales supervisor $ 85,000 Commissions, salespersons $ 216,000 Advertising $ 500,000 General administration $ 390,000 Work in process inventory, January 1 $ 450,000 Work in process inventory, December 31 $ 750,000 Finished goods inventory, January 1 $ 107,500 Finished goods inventory, December 31 $ 488,750 Required: Prepare a schedule of cost of goods manufactured. Compute the cost of producing one case of aerated drinks last year (round your answer to the nearest cent). Prepare an income statement on an absorption costing basis.