The data about Company A is given below:

WIP Inventory, January 1 2021..................................................130.000

Direct Material Inventory, January 1 2021.................................150.000
Finished Goods Inventory, January 1 2021................................ 190.000
Insurance Expense of manufacturing plant……..………………. 90.000
Indirect material ……………………….……………………….50.000
Utilities expense of manufacturing plant....................................125.000
Catering expense of marketing department……………………120.000
Indirect labor…………………………….…………………… 35.000
Direct labor..................................................................................250.000
Rent on manufacturing plant.........................................................160.000
Salary expense of administrative personnel….............................140.000
Direct material purchase...............................................................300.000
Depreciation expense of manufacturing equipment.....................400.000
Maintenance expense of manufacturing equipment...................... 25.000
Salary expense of manufacturing foreman................................... 20.000
Catering expense of manufacturing department ..................... 85.000
WIP Inventory, December 31 2021............................................. 185.000
Direct Material Inventory, December 31 2021.............................130.000
Finished Goods Inventory, December 31 2021…...........................175.000
Sales Revenue............................................................................2.900.000
Rent Revenue…………………………………………………….220.000
Interest expense……………………………………………………80.000
Tax expense……………………………………………………………..%20
Sales return………………………………………………………60.000
Sales discount………………………………………………………..40.000
Required:
Prepare a Cost of Goods Manufactured/Sold Statement and an Income Statement of Company A
for the year 2021