Beginning of 2018 Direct materials inventory 26,500 Work-in-process inventory 30,500 Finished-goods inventory 16,500 Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance plant Marketing, distribution, and customer-service costs General and administrative costs Ending of 2018 27,000 28,400 22,100 79,000 24,500 18,600 7,900 11,800 3,500 87,900 26,500 Required: 1. Prepare a schedule for the cost of goods manufactured for 2018. 2. Revenues for 2018 was $425,000. Prepare the income statement for 2018