COST INCURED: Direct labour cost $ 70 000 . Purchases of raw materials 120 000 . Indirect labour 45 000 Maintenance of factory equipment 6 000 . Advertising expense 90 000 . Insurance of factory equipment 1 900 Sales salaries 50 000 . Rent of factory facilities 24 000 Supplies 3 600 . Depreciation of office equipment 4 500 Depreciation of factory equipment 17 000 INVENTORY Beginning of the year End of the year Raw materials $ 18 000 $ 12 500 Work in process 10 300 15 150 Finished goods 23 000 18 100 REQUIRED: 1. Prepare a schedule of goods manufactured 2. Prepare the multi-step income statement of the year assuming that the total net sales were $ 500 000