al The following data were taken from the records of Moxie Company for the year ended December 31 3) 2018 Raw Materials Inventory 1/1/17 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense $7,400 $47,000 Raw Materials Inventory 12/31/17 44,200 7,700 12,900 8,600 Finished Goods Inventory 1/1/17 Finished Goods Sales Revenue 465,000 Sales Discounts 2,500 Plant Manager's Salary Inventory 12/31/17 Work in Process 57,800 60,000 Factory Property Taxes Factory Repairs Raw Materials Purchases 6,100 Inventory 1/1/17 Work in Process 9,500 800 62,500 Inventory 12/31/17 Direct Labor Indirect Labor 8,000 Cash 18,000 145,100 18,100 Accounts Receivable 27,000 Instructions a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) b) Prepare an income statement through gross profit. c) Prepare the current assets section of the balance sheet at December 31. 25 points