At May 31, 2017, the accounts of Lopez Company show the following. 1. May 1 inventoriesfinished goods $15,100, work in process $16,400, and raw materials $9,300. 2. May 31 inventoriesfinished goods $9,700, work in process $17,100, and raw materials $7,400. 3. Debit postings to work in process were direct materials $64,800, direct labor $52,000, and manufacturing overhead applied $42,800. 4. Sales revenue totaled $216,800. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule $ $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare an income statement for May through gross profit. LOPEZ COMPANY (Partial) Income Statement $ $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017. LOPEZ COMPANY (Partial) Balance sheet $ $