Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: - The company applies overhead to jobs using a predetermined oveihead rate based on machine-hours At the beginning of the yeac the company estimated that it would work 33,550 machine hours and incur $271755 in manufacturing overhead cost. The following transactions were recorded for the year: - Raw materiaks were purchased, $315,550 - Raw materials were requistioned for use in production, $307,550 (\$280,450 direct and $27100 indirect). - The following employee costs were incurred deect laboc, $377,550, indirect laboc, $96,550, and administrative salaries. $172550 - Selling costs, $147,550 - Factory utility costs, 510.550 - Depreclation for the year was $160,000 of which $144,000 is related to factory operations and 516,000 is telated to selling. general, and administrative activises. - Manufacturing overhead was appled to jobs. The actuat level of activity for the year was 34,10 machine-hours. - Sales for the year totaled $1285,000 Required: a. Prepare a schedule of cost of goods manufactured. gencral, and administrative activities - Manufacturing overhead was applied to jobs. The actual level of activity for the year was 34,110 machine-houts. - Sales for the year totaled \$1,285,000 Required: Prepare a schedule of cost of goods manufactured. Prepare an income statement for the year. The company closes any underapplied of overapplied overhead to Cost ot Goods Sold. Complete this question by entering your answers in the table below. Prepare a schedille of cost of geods manufactured, finate Congoration 10 points skipted Required C> Prepare an income statement for the year. The company closes any underapplied or overapplied overhead to Cost of Goods Sold