PR 15-5B Statement of cost of goods manufactured and income Cost of goods manufactured, $367,510 statement for a manufacturing company.  The following information is available for Shanika Company for 20Y6 Instructions Prepare the 20Y6 statement of cost of goods manufactured. Prepare the 20Y6 income statement. Inventories January 1 December 31     Materials $ 77,350 $ 95,550   Work in process $ 109,200 $ 96,200   Finished goods $ 113,750 $ 100,100   Advertising expense   $ 68,250   Depreciation expense—office equipment   $ 22,750   Depreciation expense—factory equipment   $ 14,560   Direct labor   $ 186,550   Heat, light, and power—factory   $ 5,850   Indirect labor    $ 23,660   Materials purchased    $ 123,500   Office salaries expense   $ 77,350     Property taxes—factory   $ 4,095   Property taxes—headquarters building   $ 13,650   Rent expense—factory   $…