↑ 4G 9:27 The following data refer to snack maker Taquitos To Go for the year 20x1. Work-in-process inventory, 12/31/x 0 $ 8,000 Selling and administrative salaries 13,800 Insurance on factory and equipment 3,600 Work-in- process inventory, 12/31/x1 8,200 Finished - goods inventory, 12/31/x0 14,000 Cash balance, 12/31/x 17,000 Indirect material used 4, 600 Depreciation on factory equipment 2, 100 Raw - material inventory, 12/31/x0 10, 100 Property taxes on factory 2,400 Finished - goods inventory, 12/31/x1 15,400 Purchases of raw material in 20x1 38,800 Utilities for factory 6,000 Utilities for sales and administrative offices 2,400 Other selling and administrative expenses 3,600 Indirect - labor cost incurred 29,000 Depreciation on factory building 3,400 Depreciation on cars used by sales personnel 1,200 Direct - labor cost incurred 79,000 Raw - material inventory, 12/31/x1 11,000 Accounts receivable, 12/31/x1 4, 100 Rental for warehouse space to store raw material 3,000 Rental of space for company president's office 1,600 Applied manufacturing overhead 58,000 Sales revenue 207, 800 Income tax expense 5, 100 2. Prepare the company's schedule of cost of goods sold for 20x1. The company closes overapplied or underapplied overhead into Cost of Goods Sold. 3. Prepare the company's income statement for 20x1. → E Vol 0.10 LTE KB/s 59