Following are the account balances for the DC Company in 2018: Beginning of 2018 Ending of 2018 Direct materials inventory Work-in-process inventory Finished-goods inventory 26,500 27,000 30,500 28,400 16,500 22,100 Purchases of direct materials 79,000 Direct manufacturing labor 24,500 Plant insurance Indirect manufacturing labor Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Required: 1. Prepare a schedule for the cost of goods manufactured for 2018. 2. Revenues for 2018 was $425,000. Prepare the income statement for 2018. 18,600 7,900 11,800 3,500 87,900 26,500