Course das! The following costs and inventory data were taken from the accounts of Sinbad Company for 2017: January 1, 2017 December 31, 2017 Inventories: 24,000 32,000 30,000 $16,000 Finished goods Work in process Raw materials 26,000 $14,000 $180,000 Costs incurred: Buildings Patent Raw materials purchases 90.000 176.000 - $180,000 90,000 176,000 60,000 84,000 70,000 Costs incurred: Buildings Patent Raw materials purchases Accounts Payable Direct labor Cash Factory rent Administrative expenses Prepaid salaries Factory utilities Trading securities Dividends Indirect materials Sales Selling expenses Indirect labor 16,000 24,00 50,000 4,000 34,000 18,000 8,000 748,000 10,000 12,000 90.000 Accounts Receivable Required: (LO#1) EXCEL A) Prepare a cost of goods manufactured schedule for the year. B) Determine the net income (loss) for the year. C) Prepare the current asset section of the balance sheet for the year. Paragraph BIE