Cake's Cakes manufactures specialty cakes and cupcakes for catered events. As of December 31, 2019, their accounting records had the following information available Work In Process Inventory, 1/1 $100 Work In Process Inventory, 12/31 $250 Finished Goods Inventory, 1/1 5200 Finished Goods Inventory, 12/31 $500 Sales Revenue $25,000 Ubilities for Kitchen Space $3,500 Went for Kitchen Space Delivery Expenses 53.000 $500 Kitchen janitorial expenses $1,200 Direct materials purchased $10,000 Raw materials Inventory, 1/1 $1.000 Raw materials Inventory, 12/31 $2,200 Direct Labor costs $3,000 Customer service costs $500 1 Calculate the Cost of Goods Manufactured for Cake's Cakes as of 12/31/19 2. What are Conversion Costs for 2019? 3. What is Cost of Goods Sold for 2019 4. What is Net income for 2019?