Question 2 (This part to be treated independently from part 1)( 10 marks)WaterFun Company is also exploring the possibility of expanding its services and islooking at investing in Swim Fit Pte Ltd, a manufacturer of swimwear. The followingdata for the month of December 2020 was provided by the Swim Fit Pte Ltd Required: (Please show working clearly)Given that the sales for December is $950,000. Prepare a Statement of Cost of GoodsManufactured and the Income Statement of Swim Fit Pte Ltd for December 2020.