Check my wo 5 2 points Skipped eBook Print Problem 3-57 (Algo) Cost of Goods Manufactured; Income Statement [LO 3-4] Consider the following information for Fair Wind Yachts Inc., a manufacturer of sailboat rigging, blocks, and cordage. Advertising expenses Depreciation expense-administrative office Depreciation expense-plant and equipment Depreciation expense-delivery trucks Materials inventory, beginning Materials inventory, ending Direct materials purchases Direct labor Indirect labor Finished goods inventory, beginning Finished goods inventory, ending Insurance on plant Heat and light for plant Repairs on plant building Supervisor's salary-plant Supplies-plant Supplies-administrative office Work-in-process inventory, beginning Work-in-process inventory, ending Sales representatives' salaries Sales revenue Required: $ 159,500 78,800 329,500 51,650 25,500 32,250 457,500 550,000 288,000 56,900 46,800 37,700 25,800 40,750 100,850 133,900 80,850 35,750 42,800 329,750 3,082,000 Prepare a statement of cost of goods manufactured and an income statement for Fair Wind Yachts for the year ended December 31.