The following information appears in Toledo Toy Company’s records for last year:

Sales revenue…………………………………..$99,300

Administrative costs……………………………19,700

Manufacturing building depreciation………….11,750

Indirect materials and supplies…………………2,150

Sales commissions……………………………….6,800

Raw material inventory, January 1…………….8,200

Direct labor………………………………………16,300

Raw material inventory, December 31…………9,000

Finished goods inventory, January 1…………..4,450

Finished goods inventory, December 31……….3,900

Raw materials purchases………………………10,150

Work in process inventory, December 31…….5,550

Supervisory and indirect labor………………….6,200

Property taxes, manufacturing plant…………..3,700

Plant utilities and power……………………….11,500

Work in process inventory, January 1………..6,600

Prepare an income statement with a supporting schedule of cost of goods sold.