Using the following information for Best Bikes, complete the requirements below.

Advertising expense $ $20,250$

Depreciation expense$-$Office equipment $8,440$

Depreciation expense$-$Selling equipment $10,125$

Depreciation expense$-$Factory equipment $49,900$

Raw materials purchases $($all direct materials$)894,375$

Maintenance expense$-$Factory equipment $30,375$

Factory utilities $37,500$

Direct labor $562,500$

Indirect labor $180,500$

Office salaries expense $70,875$

Rent expense$-$Office space $23,625$

Rent expense$-$Selling space $27,000$

Rent expense$-$Factory building $93,500$

Sales salaries expense $295,300$

Raw materials inventory, beginning $40,375$

Raw materials inventory, ending $70,430$

Work in process inventory, begining $12,500$

Sales $4,942,625$

Work in process inventory, ending $14,100$

Finished goods inventory, beginning $177,200$

Finished goods inventory, ending $141,750$

Required

$1.$Prepare the schedule of cost of goods manufactured for the year.

$2.$Prepare the current year income statement.

Check $(1)$ Cost of goods manufactured, $$1,816,995$