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 overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 33,600 machine - hours and incur $275,520 in manufacturing overhead cost. The following transactions were recorded for the year: - Raw matenals were purchased, $315,600 - Rav materlals were requisitioned for use in production, $307,600 ( $280,400 direct and $27,200 indirect) - The following employee costs were incurred direct labor, $377,600, indirect labor, $96,600; and administrative salaries, $172600 - Selling costs, $147,600 - Factory utilty costs, $10,600 - Depreciation for the year was $163,000 of which $148,000 is related to factory operations and $15,000 is related to selling. general, and administrative activites - Manulaciuring overhead was applied ta jobs. The actual level of activity for the year was 34,120 machine -hours. - Sales for the year totaled $1290,000 Prepare a schedule of cost of goods manufactured. Required C > Complete this question by entering your answers in the table below. Prepare an income statement for the yoar. The company doses any underapplied or overapplied overhead to Cost of Goods sold