Given the following selected account balances of Sunny Manufacturing, prepare (a) its schedule of cost of goods manufactured and (b) its income statement for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,500,000 74,000 107,800 125,500 351,200 450,000 94,000 Repairs Factory equipment 46,180 114,000 Selling expenses 188,000 General and administrative expenses 258,600 85,400 83,000 134,600 Rent cost of factory building Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending