The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $338,690 $416,590 Work in process 609,640 566,560 Finished goods 585,930 579,060 Advertising expense $282,860 Depreciation expense-office equipment 39,990 Depreciation expense-factory equipment 53,740 Direct labor 641,550 Heat, light, and power-factory 21,250 Indirect labor 74,990 Materials purchased 629,050 Office salaries expense 219,540 Property taxes-factory 17,500 Property taxes-headquarters building 36,240 Rent expense-factory 29,580 Sales 2,945,290 Sales salaries expense 361,600