Income Statement and Supporting Schedules.

The following information is for Ciena, Inc., for the year ended December 31, 2020. Raw materials inventory beginning balance $15,000 Raw materials inventory ending balance $12,000 Work-in-process inventory beginning balance $825,000 Work-in-process inventory ending balance $900,000 Finished goods inventory beginning balance $615,000 Finished goods inventory ending balance $525,000 Raw material purchases $150,000 Direct labor used in production $187,500 Manufacturing overhead (other than indirect materials) $945,000 Selling costs $135,000 General and administrative $360,000 Sales revenue $1,897,500 Of the total raw materials placed in production for the year, $18,000 was for indirect materials. Required: make a schedule of raw materials placed in production for the year ended December 31, 2020. make a schedule of cost of goods manufactured for the year ended December 31, 2020. make a schedule of cost of goods sold for the year ended December 31, 2020. make an income statement for the year ending December 31, 2020.