question content area statement of cost of goods manufactured and income statement for a manufacturing company the following information is available for shanika company for 20y6: inventories january 1 december 31 materials $181,960 $225,630 work in process 327,530 306,860 finished goods 314,790 313,630 advertising expense $153,200 depreciation expense-office equipment 21,660 depreciation expense-factory equipment 29,110 direct labor 347,470 heat, light, and power-factory 11,510 indirect labor 40,610 materials purchased 340,700 office salaries expense 118,910 property taxes-factory 9,480 property taxes-headquarters building 19,630 rent expense-factory 16,020 sales 1,595,200 sales salaries expense 195,850 supplies-factory 7,900 miscellaneous costs-factory 4,960 required: question content area 1. prepare the statement of cost of goods manufactured. shanika company statement of cost of goods manufactured for the year ended december 31, 20y6