Following is trial balance of Israr Industrial Company Limited as on January 31, 2108. Debit (Rs.) Credit (Rs.) Notes Receivable 27,405 Notes Payable 17,300 Accounts Receivable 32,200 Account Payable 5600 Cash 39,500 Taxes Payable 12,000 Finish goods 14,800 Rent Payable 2500 WIP 16,300 Sales 423,610 Raw Material 35,600 Capital 100,000 Prepaid Insurance 2700 Retained earnings 25,800 Equipment 126,000 Accumulated depreciation 40,400 Material Purchased 123,000 Direct Labor 82,000 FOH 80,705 Selling Cost 36,800 Admin. Cost 10200 Following further information are also available: FOH applied at rate of 80% of direct labor cost. Inventories as on December 31, 2018: Material... Rs. 16200, WIP. Rs 40,500 and Finish goods. Rs21,300. Debit balance of FOH costs account Rs.15105 Represents under applied FOH. This variance is distributed over entire production of the period. Required: (a) Statement of cost of goods manufactured and sold for the year ended December 31, 2018 showing cost of goods sold at normal and actual. (b) Income statement for the year ended December 31, 2018 and balance sheet as on date