The Following Information Has Been Extracted from the Records of Haverhill

The following information has been extracted from the records of Haverhill Company: $\begin{array}{lr}\text { Sales } & £ 400,000 \\\text { Purchases of raw materials } & 70,000 \\\text { Indirect labour } & 10,000 \\\text { Indirect materials } & 4,000 \\\text { Depreciation of factory equipment } & 15,000 \\\text { Depreciation of factory buildings } & 11,000 \\\text { Depreciation of admini strative building } & 41,000\\\text { Marketing costs } & 25,000 \\\text { Direct labour } & 180,000 \\\text { Raw material s inventory, } 12-31-11 & 14,000 \\\text { Work in progress, } 1-1-11 & 31,000 \\\text { Raw materials inventory, } 1-1-11 & 10,000 \\\text { Work in progress, } 12-31-11 & 23,000 \\\text { Finished goods inventory, } 1-1-11 & 49,000 \\\text { Finished goods inventory, } 12-31-11 & 44,000\end{array}$
a.Prepare a statement of cost of goods manufactured.
b.Prepare an income statement for the Haverhill Company for the year ending December 31, 2011.