Alexsandar Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): Inventory balances at the beginning and end of the year were as follows: The total manufacturing costs for the year were $701,000; the cost of goods available for sale totaled $741,000; the unadjusted cost of goods sold totaled $671,000; and the net operating income was $47,000. The company's overapplied or underapplied overhead is closed entirely to cost of goods sold. (Hint Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Required: a. Prepare a schedule of cost of goods manufactured. b. Prepare a schedule of cost of goods sold. c. Prepare an income statement for the year