WaterFun Company is also exploring the possibility of expanding its services and is looking at investing in Swim Fit Pte Ltd, a manufacturer of swimwear. The following data for the month of December 2020 was provided by the Swim Fit Pte Ltd Beginning raw materials inventory 86,000 Ending raw materials inventory 78,000 Beginning work in process inventory 50,000 Ending work in process inventory 65,000 Beginning finished goods inventory 150,000 Ending finished goods inventory 210,000 Purchases of raw materials 328,000 Direct labour 250,000 Indirect materials and indirect labour 115,700 Property tax on Factory 6,500 Property tax on Office 5,000 Factory Supplies and utilities 51,800 Administrative expenses 95,000 Salaries of salesmen 150,000 Selling expenses 100,000 Required: (Please show working clearly) Given that the sales for December is $950,000. Prepare a Statement of Cost of Goods Manufactured and the Income Statement of Swim Fit Pte Ltd for December 2020