20 - IF POSSIBLE PLEASE SHOW WORK, thank you.

Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Inventory balances at the beginning and end of the year were as follows: The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $32,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare an income statement for the year. Prepare a schedule of cost of goods sold. Prepare a schedule of cost of goods manufactured. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Superior Company } \\ \hline Direct materials: & & & \\ \hline & & & \\ \hline & & & \\ \hline Total raw materials available & & \\ \hline Direct materials used in production & & \\ \hline & & & \\ \hline & & & \\ \hline Total manufacturing costs added to production & & \\ \hline Total manufacturing costs to account for & & \\ \hline & & & \\ \hline \end{tabular}