4 The following data from the just completed your are taken from the accounting records of Mason Company Sales Direct labor cost taw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs 5555,000 $5,000 5 136,000 $107.000 $ 47,000 5220,000 200,000 It RAM materials Work in process Finished goods inging 5,100 $10,000 3 5.700 520,700 $ 73,000 $25,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement Complete this question by entering your answers in the tabs below.