3. Based on the following information, prepare a Schedule of Cost of Goods Manufactured and a multi-step Income Statement for Junaluska Company for the year ended December 31, 2020 $60,000 ginning Work-in-Process Inventory. Jan. 1 40,000 50,000 20 ing Work-in-Process Inventory, Dec. 31 ning Finished Goods Inventory, Jan. 1 ding Finished Goods Inventory, Dec. 31 et Sales Revenue 1,800,000 Selling and Administrative Expenses 500,000 300,000 irect Labor Manufacturing Overhead; actual and located irect Materials Used 400,000 200,000 Income Tax Expense 70,000 300,000 300 0i0 216 a