a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. The accounting records provide the following information. Prepare an INDIRECT Cash Flow Statement as the end of Year 2. Buffalo Wild Wings Corp. Balance Sheet Year 1 Year 2 End of Year 2 Cash 880 652 Accounts Receivable 2,640 1,840 Merchandise inventory 880 2,640 Equipment, net 15,840 19,280 Total assets 20,240 24,412 Accounts payable 2,420 2,192 Salaries payable 440 220 Bonds Payable 5,280 6,160 Common Stock (no-par) 9,680 10,560 Retained earnings 2,420 5,280 Total liabilities and stockholder's equity 20,240 24,412 Total liabilities and stockholder's equity 20,240 24,412 Buffalo Wild Wings Corp. Income Statement For Year 2 Revenues 26,400 Cost of goods sold 14,960 Depreciation 3,600 Other expenses 3,388 Net Income 4,452 1. Equipment was sold for its book value of 3,520 2. Equipment purchased during the year was 10,560 3. Cash dividends declared and paid were 1,592 The following information pertains to Shmaltz Factory for March 20XX March 1 Inventory balances Raw materials $100,900 Work in process $120,000 Finished goods $78,000 March 31 Inventory balances Raw materials $59,100 Work in process $145,000 Finished goods $80,000 During March Costs of raw materials purchased $119,100 Costs of direct labor $100,000 Costs of manufacturing overhead $63,000 Sales revenues $380,900 for March 20XX Beginning raw materials inventory Purchases Raw materials available for Use Ending raw materials inventory Direct raw materials used Direct labor Overhead (actual) Total manufacturing costs Beginning WIP inventory Total WIP inventory Total WIP inventory Ending WIP inventory Cost of goods manufactured Beginning finish. goods inventory Cost of goods available for sale Less ending finished goods inventory Cost of goods sold b. 6 points (2 points per number) Sales revenues Cost of goods sold Gross margin/profit