The following information is available for Yu Company for 2012:

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

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Inventories January 1 December 31 Materials $47,000 $58,500 Work in process 67,000 59,000 Finished goods 70,000 62,000 Advertising expense $ 42,500 Depreciation expense-office equipment 13,800 Depreciation expense-factory equipment 9,000 Direct labor 115,000 Heat, light, and power-factory 3,600 Indirect labor 14,400 Materials purchased 76,000 Office salaries expense 46,800 Property taxes-factory 2,500 Property taxes-headquarters building Rent expense-factory 8,400 4,000 Sales 529,000 Sales salaries expense 82,500 Supplies-factory 3,000 Miscellaneous cost-factory 2,000