At May 31, 2022, the accounts of Blossom Company show the following. 1. May 1 inventories - finished goods $10,080, work in process $11,760, and raw materials $6,560. 2. May 31 inventories -finished goods $7,600, work in process $12,720, and raw materials $5,680. 3. Debit postings to work in process were direct materials $49,920, direct labor $40,000, and manufacturing overhead applied $32,000. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $172,000. Prepare a condensed cost of goods manufactured schedule for May 2022. BLOSSOM COMPANY Cost of Goods Manufactured Schedule May 31, 2022 Workin Process, May 1 Prepare an income statement for May 2022 through gross profit. Prepare the balance sheet section of the manufacturing inventories at May 31, 2022