Exercise 3-6 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] The following data from the just completed year are taken from the occounting records of Mason Company: Required: 1. Prepare a schefiule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplicd or overappilied overheod is closed to Cost af Gepds Sold. 3. Prepare an income statement. Complete this question by entering your answrers in the tabs below, Prepare an income itatement. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materiais. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare an income statement