The following information is available for Robstown Corporation for 20Y8:Inventories January 1 December 31Materials $44,250 $31,700Work in process 63,900 80,000Finished goods 101,200 99,800 December 31Advertising expense $ 400,000Depreciation expense-office equipment 30,000Depreciation expense-factory equipment 80,000Direct labor 1,100,000Heat, light, and power-factory 53,300Indirect labor 115,000Materials purchased 556,600Office salaries expense 318,000Property taxes-factory 40,000Property taxes-office building 25,000Rent expense-factory 27,000Sales 3,850,000Sales salaries expense 200,000Supplies-factory 9,500Miscellaneous costs-factory 11,400Required:A. Prepare the 20Y8 statement of cost of goods manufactured. B. Prepare the 20Y8 income statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51