1 (12 MARKS) Extrema Company supplied the following data for January 2022. Purchase of materials Materials inventory (beginning balance) $ 5,000 Materials inventory (ending balance) 1,000 Materials used B Direct labour 7,000 Factory supervision 1,500 Factory supplies 1,250. Total manufacturing costs 15,500 Work in process inventory (beginning balance) 1,200 Work in process inventory (ending balance) C Cost of goods manufactured 14,600 Sales 37,500 Selling expenses 4,000 Administrative expenses Finished goods inventory (beginning balance) Finished goods inventory (ending balance) Cost of goods sold Operating income E 4,500 5,000 D 8,700 Required: Solve for the missing amounts (A, B, C, D, E), by present the above information in the following properly classified financial statements: (a) Statement of cost of goods manufactured (b) Statement of cost of goods sold (c) Income statement (Highlight /label the solved missing amounts clearly in the financial statements.)