Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial products, and private homes. It has a centrally located factory in a U. S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that provides installation and warranty servicing in six metropolitan areas. The month of November has just ended and Waterways needs to generate a cost of goods manufactured and cost of goods sold for its income statement for the month. The following data is provided: Accounts Receivable $290,000
Advertising Expense 52,000
Cash 255,000
Depreciation-Factory Equipment 17,500
Depreciation-Office Equipment 2,900
Direct labor 44,000
Factory Supplies USed 16,300
Factory Utilities 10,500
Finished Goods Inventory - November 30 71,800
Finished Goods Inventory - October 31 73,500
Indirect labor 45,000
Office Supplies Expenses 71,000
Prepaid Expenses 42,500
Raw Materials Inventory - November 30 53,000
Raw materials Inventory - October 31 41,000
Raw Materials Purchases 186,500
Rent - Factory Equipment 45,000
Repairs - Factory Equipment 5,400
Salaries 335,000
Sales 1,425,000
Sales Commissions 42,750
Work in Process Inventory - November 30 44,000
Work in Process Inventory - October 31 51,000
Property Tax on Factory 5,500

Required:
From the above information, prepare a cost of goods manufactured schedule, an income statement, and the current asset section of the balance sheet for Waterways Corporation for the month of November.