1. Prepare a schedule of Cost of Goods Manufactured for the year-ended 12/31/2016.

2. Prepare a schedule of Cost of Goods Sold for the year-ended 12/31/2016.

3. Prepare a statement of Income for the year-ended 12/31/2016.

Appendix 1 following data were extracted from the 2016 financial records ofcyrus, Inc., a manufacturer of baby strollers. Cyrus uses Job-order system of costing. Its 2016 income tax rate was 32%. 103,240 Raw material inventory on 12/31/2015 847,960 Purchases of raw material in 2016 68,440 Raw material inventory on 12/31/2016 549,840 Direct labor S 226,200 Variable manufacturing overhead 446,600 Fixed manufacturing overhead $2,900 Underapplied overhead 0 Work-in-process inventory on 12/31/2015 46,400 Work-in-process inventory on 12/31/2016 $41,000 Finished goods inventory on 12/31/2015 47,000 Finished goods inventory on 12/31/2016 2,440,000 Sales Revenue (12,200 units $200) 312,000 Selling & Administrative Expenses Required: Goods Manufactured for the year-ended 12/31/2016 1. Prepare a schedule of cost of 2. Prepare a Schedules of Cost of Goods sold for the year-ended 12/31/2016 3. Prepare a Statement of Income for the year-ended