A review of accounts showed the following for Pacific Parts for last year:
Administrative costs
$1,216,000
Depreciation, manufacturing
412,000
Direct labor
1,928,000
Direct materials purchases
1,252,000
Direct materials inventory, January 1
408,000
Direct materials inventory, December 31
324,000
Finished goods inventory, January 1
640,000
Finished goods inventory, December 31
588,000
Heat, light, and power—plant
348,000
Marketing costs
1,088,000
Miscellaneous manufacturing costs
48,000
Plant maintenance and repairs
296,000
Sales revenue
8,144,000
Supervisory and indirect labor
508,000
Supplies and indirect materials
56,000
Work-in-process inventory, January 1 . .
540,000
Work-in-process inventory, December 31
568,000
Prepare an income statement with a supporting cost of goods manufactured and sold statement.