Information for Gifford,Inc Prepare a Manufacturing Statement for the Year Ended December 31

Information for Gifford,Inc.,as of December 31 follows:
$\begin{array}{lr}\text { Administrative salaries } & \$ 35,000 \\\text { Depreciation of factory equipment } & 25,000 \\\text { Depreciation of delivery vehicles } & 6,000 \\\text { Direct labor } & 68,000 \\\text { Factory supplies used } & 9,000 \\\text { Finished goods inventory, January 1 } & 57,000 \\\text { Finished goods inventory, December 31 } & ?\\\text { Factory insurance } & 15,500 \\\text { Interest expense } & 12,000 \\\text { Factory utilities } & 14,000 \\\text { Factory maintenance } & 7,500 \\\text { Raw materials inventory, January 1 } & 5,000 \\\text { Raw materials inventory, December 31 } & 4,000\\\text { Raw material purchases } & 125,000 \\\text { Rent on factory building } & 25,000 \\\text { Repairs of factory equipment } & 11,500 \\\text { Sales commissions } & 37,500 \\\text { Goods in process inventory, January 1 } & 3,500 \\\text { Goods in process inventory, December 31 } & 2,700\end{array}$
Prepare a manufacturing statement for the year ended December 31.