Gilkison Corporation uses a job-order costing system to assign manufacturing costs to jobs. At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold. Its balance sheet on October 1 appears below: Gilkison Corporation Balance Sheet October 1 Assets: Cash $ 10,150 Raw materials $ 3,750 Work in process 15,150 Finished goods 19,150 38,050 Property, plant, and equipment (net) 229,150 Total assets $277,350 Liabilities and Stockholders Equity: Accounts payable $ 15,075 Retained earnings 262,275 Total liabilities and stockholders equity $277,350 Summaries of the transactions completed during October appear below: (1) Raw materials purchased on account $ 66,150 (2) Raw materials used in production (direct materials) $ 50,150 (3) Raw materials used in production (indirect materials) $ 7,075 (4) Direct labor paid in cash $ 95,150 (5) Indirect labor paid in cash $ 25,150 (6) Selling and administrative salaries paid in cash $ 30,150 (7) Factory utility costs (on account) $ 12,150 (8) Depreciation on PP&Emanufacturing equipment $ 10,150 (9) Depreciation on PP&Eselling and administration $ 2,075 (10) Advertising expenses paid in cash $ 15,150 (11) Manufacturing overhead applied to production $ 57,450 (12) Cost of goods manufactured $196,150 (13) Cash sales $272,000 (14) Cost of goods sold $205,150 (15) Cash payments to creditors $ 81,150 (16) Overapplied (underapplied) overhead ? Required: a. Complete the spreadsheet below. b. Prepare a Schedule of Cost of Goods Sold for the company for October. c. Prepare an Income Statement for the company for October.