I. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year . $1,550,000 Purchases of raw materials $210,000 $345,000 Applied Manufacturing overheadS360,000 Administrative expenses.$315,000 $210,000 al.$210,000 Selling expenses.. Work in process inventory, beginning Finished goods inventory, ending.. Raw materials inventory, ending..$120,000 Work in process inventory, ending$115,000 Finished goods inventory, beginningS150,000 ..$165,000 Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form. b. Compute the Cost of Goods Sold. c. Using data from your answers above, prepare an Income Statement (using th traditional format)