Consider the following information for Huntersville, Inc., for the fi scal year ended December 31.

Depreciation expense-Administrative office	$ 32,000
Depreciation expense-Plant and equipment	86,000
Direct labor--Wages	487,000
Direct materials inventory, Dec. 31	26,000
Direct materials inventory, Jan. 1	19,000
Direct materials purchases	155,000
Finished goods inventory, Dec. 31	38,000
Finished goods inventory, Jan. 1	15,000
Heat, light, & power--Plant	44,000
Indirect labor	25,000
Property taxes--Plant	34,000
Sales representatives' salaries	145,000
Sales revenue	1,495,000
Factory Supervisor's salary	66,000
Supplies--Administrative office	16,000
Supplies--Plant	29,000
Work-in-Process inventory, Dec. 31	9,000
Work-in-Process inventory, Jan. 1	23,000

Required

Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31, similar to those in Exhibit 3.15A