Using the information below from Kye Corporation, please complete the following:

1. Prepare the company's 2019 schedule of cost of goods manufactured.
2. Prepare the company's 2019 multiple-step income statement, with expenses categorized into a) cost of goods sold, (b) selling expenses and (c) general and administrative expenses.
3. You are the management accountant of Kye Corp. Compose a one-page memo for the board meeting to analyze the results for both #1 and #2.

Advertising Expense

$45,000

Direct Labor

$750,000

DepreciationOffice Equipment

$10,200

Income Taxes Expense

$300,000

DepreciationSelling Equipment

$13,000

Indirect Labor

$65,000

DepreciationFactory Equipment

$39,000

Miscellaneous Production Costs

$135,000

Factory Supervision

$115,000

Office Salaries Expense

$67,000

Factory Supplies Used

$95,000

Raw Materials Purchases

$1,000,000

Factory Utilities

$43,000

Rent Expense-Office Space

$31,000

Inventories

Rent ExpenseSelling Space

$26,000

Raw Materials, December 31, 2018

$175,000

Rent ExpenseFactory Building

$87,000

Raw Materials, December 31, 2019

$190,000

Maintenance ExpenseFactory Equipment

$40,000

Work In Progress, December 31, 2018

$25,000

Sales

$5,100,000

Work In Progress, December 31, 2019

$30,000

Sales Salaries Expense

$450,000

Finished Goods, December 31, 2018

$180,000

Finished Goods, December 31, 2019

$145,000

Please complete Items 1 and 2 in an Excel spreadsheet using the answer template linked in the Module 1 folder.