PR 15-5A: Statement of Costs of Goods Manufactured (COGM) and Income Statement for a manufacturing Company The following information is available for Robstown Corporation for 20YY: Inventories January 1 December 31 Raw Materials (RM) $44,250 $31,700 Work in process (WIP) 63,900 80,000 Finished Goods (FG) 101,200 99,800 Other Expenses Advertising expense 400,000 Depreciation expense - office equipment 30,000 Depreciation expense - factory equipment 80,000 Direct labor 1,100,000 Heat, light and power - factory 53,300 Indirect labor 115,000 Material purchased 556,600 Office salaries expense 318,000 Property taxes - factory 40,000 Property taxes - office building 25,000 Rent expense - factory 27,000 Sales 3,850,000 Sales salaries expense 200,000 Supplies - factory 9,500 Miscellaneous costs -factory 11,400 Instructions: 1. Prepare the 20YY Statement of Cost of Goods Manufactured (COGM) 2. Calculated the Cost of Goods Sold (COGS) 3. Prepare the 20YY Income Statement.