Based on the following information, prepare a Schedule of Cost of Goods Manufactured and a multi-step Income Statement for Junaluska Company for the year ended December 31, 2020

Beginning Work-in-Process Inventory, Jan. 1	$60,000
Ending Work-in-Process Inventory, Dec. 31	40,000
Beginning Finished Goods Inventory, Jan. 1	50,000
Ending Finished Goods Inventory, Dec. 31	20,000
Net Sales Revenue	1,800,000
Selling and Administrative Expenses	500,000
Direct Labor	300,000
Manufacturing Overhead; actual and allocated	400,000
Direct Materials Used	200,000
Income Tax Expense	70,000