Consider the following information for Household Furnishings, Inc. for the year ended December 31, 2010:

Depreciation expense—Administrative office ........$ 33,000

Depreciation expense—Plant and equipment .......... 88,000

Direct labor—Wages .................. 487,000

Direct materials inventory, Dec. 31, 2010 .......... 25,000

Direct materials inventory, Jan. 1, 2010 ............. 18,000

Direct materials purchases ................ 155,000

Finished goods inventory, Dec. 31, 2010 .......... 38,000

Finished goods inventory, Jan. 1, 2010 ............. 15,000

Heat, light, & power—Plant ............... 44,000

Indirect labor ..................... 25,000

Property taxes—Plant ................... 34,000

Sales representatives’ salaries ................ 145,000

Sales revenue .......................1,500,000

Factory supervisor’s salary .................. 66,000

Supplies—Administrative office ............... 16,000

Supplies—Plant .................... 29,000

Work-in-Process inventory, Dec. 31, 2010 ........... 9,000

Work-in-Process inventory, Jan. 1, 2010 ............ 23,000

Required

Prepare a statement of cost of goods manufactured and an income statement for Household Furnishings for the year ended December 31, 2010, similar to the one in Exhibit 3.15A.