Dallas Manufacturing Company had the following account balances for the year ended December 31, unless otherwise noted: Work in process inventory January 1) Work-in-process inventory (December 31) Finished goods inventory (January 1) Finished goods inventory (December 31) Direct materials used Indirect materials used Direct manufacturing labor Indirect manufacturing labor Property taxes on manufacturing plant building Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead Plant utilities General office expenses Marketing distribution costs $ 140,400 171,000 540,000 510,000 420,000 84,000 480,000 186,000 28,800 12,000 264,000 123,600 135,000 92,400 305,400 30,000 Required: a. Prepare a cost of goods manufactured schedule for the year. b. Revenues for the year were $3 million. Prepare the income statement for the year