The following information is available for The Green Hornet Corporation for 2012:

1. Prepare the 2012 statement of cost of goods manufactured.2. Prepare the 2012 income statement.

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January 1 $165,000 Inventories December 31 $210,000 Materials Work in process Finished goods 306,000 290,000 298,000 284,000 Advertising expense $ 148,000 Depreciation expense-office equipment 21,000 Depreciation expense-factory equipment 20,900 Direct labor 360,000 Heat, light, and power-factory 8,400 Indirect labor 29,100 Materials purchased 325,000 Office salaries expense 115,000 Property taxes-factory 6,800 Property taxes-office building 18,000 Rent expense-factory 11,500 Sales 1,530,000 Sales salaries expense 188,000 Supplies-factory 5,700 Miscellaneous cost–factory 3,600