The following relates to Douglas Co. a manufacturer Below are account balances for the year ended 12/31/21 Selling expense $68,000 Rent expense - Factory 18,000 Raw materials purchases 218,000 Other manufacturing overhead 110,000 Manufacturing supplies used 27,000 Indirect labor 35,000 Direct labor 465,000 Depreciation expense - Manufacturing equipment 45,000 Administrative expenses 54,000 Sales $1,522,000 Beginning inventories, January 1: Raw materials 13,000 Work in process 20,000 Finished goods 128,000 Ending inventories, December 31 Raw materials 36,000 Work in process 56,000 Finished goods 88,000.

Required 

a. Prepare a statement of cost of goods manufactured for Douglas for the year. Show/Include calculations for materials used in production, manufacturing overhead, and cost of goods sold. 

b. Prepare an income statement for the year ended December 31, 2021.