The following information is available for Robstown Corporation for 20Y8:Inventories January 1 December 31Materials $44,250 $31,700Work in process 63,900 80,000Finished goods 101,200 99,800 December 31Advertising expense $ 400,000Depreciation expense-office equipment 30,000Depreciation expense-factory equipment 80,000Direct labor 1,100,000Heat, light, and power-factory 53,300Indirect labor 115,000Materials purchased 556,600Office salaries expense 318,000Property taxes-factory 40,000Property taxes-office building 25,000Rent expense-factory 27,000Sales 3,850,000Sales salaries expense 200,000Supplies-factory 9,500Miscellaneous costs-factory 11,400Required:A. Prepare the 20Y8 statement of cost of goods manufactured. B. Prepare the 20Y8 income statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.