5. Sunshine Bicycle Company had the following account balances for the year ended December 31, unless otherwise noted: Direct material inventory (January 1) Direct material inventory (December 31) Work-in-process inventory (January 1) Work-in-process inventory (December 31) Finished goods inventory (January 1) Finished goods inventory (December 31) Direct materials purchased Indirect materials used Direct manufacturing labor Indirect manufacturing labor Other manufacturing overhead General and administrative Marketing distribution costs $ $6,000 32,000 72,000 64,000 116,000 145,000 106,000 23,000 68,000 41,000 45,000 35,000 65,000 Required: a. Prepare a cost of goods manufactured schedule for the year. b. Revenues for the year were $900,000. Prepare the income statement for the year