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Using the information provided in Exhibit 2; prepare the following statements in proper format including titles, and proper underlining: i) The detailed formal Cost of

  1. Using the information provided in Exhibit 2; prepare the following statements in proper format including titles, and proper underlining:

i) The detailed formal Cost of Goods Manufactured Statement for the year ended December 31, 2020.

ii) The detailed formal Traditional Income Statement for the year ended December 31, 2020.

Drafted ESFs Statement of Operating Income for Ended December 31, 2020

Sales

$ 3,114,160

Salesroom Utilities and Fuel

6,491

Office Equipment Depreciation

8,400

Other Administrative Expenses

11,548

Factory Miscellaneous Components

13,142

Manufacturing Maintenance Supplies

17,373

Production Cleaning Supplies

24,993

Manufacturing Maintenance

25,224

Property Taxes - Factory

25,520

Amortization - Factory Machinery

28,555

Office Maintenance

38,718

Shipping Costs

42,893

Furniture Accessories

46,013

Salesroom Building Depreciation

48,600

Fibber Filling

50,856

Promotional Materials

120,283

Factory Building Insurance

62,013

Salesroom Property Taxes and Insurance

65,283

Amortization-Factory Building

68,750

Advertising

71,852

Factory Utilities

81,417

Production Supervisor Salary

90,000

Salespeople Travel

92,788

Warehouse Wages

152,817

Sales Staff Commissions

249,133

Timber furniture components

311,416

Administrative Wages

368,000

Production payroll

934,248

Total Expenses and Costs

3,056,326

Operating Income

$ 57,834

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