At May 31, 2017, the accounts of Lopez Company show the following. 1. May 1 inventoriesfinished goods $13,200, work in process $17,400, and raw materials $9,100. 2. May 31 inventoriesfinished goods $9,600, work in process $17,200, and raw materials $7,900. 3. Debit postings to work in process were direct materials $65,000, direct labor $50,900, and manufacturing overhead applied $41,200. 4. Sales revenue totaled $216,200. 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 $ $