3. Prepare a COST SHEET, From the following particulars, prepare a cost statement showing components of Total cost and the Profit for the year ended 31st December 2021 with 80% on work cost and 39% on prime cost. (2 marks) The stock of finished goods 1 January $. 2021 12,000 The stock of raw materials 1 January 2021 65,000 Purchase of raw materials 6,50,000 Carriage inwards 6,000 Wages 8,80,000 Works Manager's salary 35,000 Factory employees salary 75,000 Factory rent, Taxes, and Insurance 10,000 Power expenses 13,000 Other production expenses 55,000 General expenses 45,000 Sales for the year 10,00,000 The stock of finished goods, 31st December 2021 30,000 The stock of raw materials, 31st December 2021 60,000