1 Check my work 5 points eBook Print Problem 3-56 (Algo) Cost of Goods Manufactured; Income Statement [LO 3-4] Consider the following information for Huntersville Incorporated for the fiscal year ended December 31. Depreciation expense-administrative office Depreciation expense-plant and equipment Direct labor-wages Materials Inventory, December 31 Materials Inventory, January 1 Direct materials purchases Finished goods inventory, December 31 Finished goods inventory, January 1 Heat, light, and power-plant Indirect labor Property taxes-plant Sales representatives' salaries Sales revenue Factory supervisor's salary Supplies-administrative office Supplies-plant Work-in-process inventory, December 31 Work-in-process inventory, January 1 Required: $ 35,150 90,500 522,600 32,750 23,500 177,500 24,400 15,900 46,700 26,800 36,250 149,500 1,591,000 67,350 17,800 29,900 10,800 25,250 Prepare a statement of cost of goods manufactured and an income statement for Huntersville for the year ended December 31.