answer this question with explanation only then i will upvote

The following information was taken from the accounting records of ABC Company for the last year: Sales....... Raw materials inventory, January 1 Purchases of raw materials Marketing & Sales expenses... Raw materials inventory, December 31 Administration & Finance expenses.. Direct labour........ 2,600,000 90,000 770,000 190,000 60,000 370,000 160,000 Finished Goods inventory, January 1. Work in process inventory, January 1 260,000 180,000 Utilities, factory......... Depreciation, factory Indirect materials. Insurance, factory. Supplies, factory Indirect labour... Maintenance, factory.. Property taxes, factory. 36,000 162,000 60,000 40,000 15,000 300,000 87,000 20,000 Manufacturing Overhead Applied.... Finished Goods inventory, December 31 Work in process inventory, December 31 730,000 210,000 100,000 Income taxes expense.. 145,000 Management wants to organize this information into a better format so that financial statements can be prepared for the year. REQUIRED: 1). Prepare a Schedule of Cost of Goods Manufactured for the year ended December 31. Use applied manufacturing overhead not actual. 2). Compute the Cost of Goods Sold. 3). Prepare an Income Statement