Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/x1 Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 Indirect material used Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory $ 7,900 13,600 3,600 8,100 14,000 7,000 4,900 2,100 10,100 2,400 Finished-goods inventory, 12/31/x1 15,200 Purchases of raw material in 20x1 39,000 Utilities for factory 6,000 Utilities for sales and administrative offices 2,400 Other selling and administrative expenses 4,000 Indirect-labor cost incurred 29,000 Depreciation on factory building 3,400 Depreciation on cars used by sales personnel 1,200 Direct-labor cost incurred 79,000 Raw-material inventory, 12/31/x1 11,000 Accounts receivable, 12/31/x1 4,100 Rental for warehouse space to store raw material 3,100 Rental of space for company president's office 1,600 Applied manufacturing overhead 58,000 Sales revenue 209,800 Income tax expense 5,100