Information for Jersey Metalworks as of December 31 follows. Prepare: (a) the company's schedule of cost of goods manufactured for the year ended December 31; (10 points) (b) prepare the company's income statement that reports separate categories for selling and general and administrative expenses. (10 points). Check figures: Cost of goods manufactured: $803,720. Net Sales: $1,423,000. Administrative salaries expense Depreciation expense-Factory equipment Depreciation expense-Delivery vehicles Depreciation expense-Office equipment Advertising expense Direct labor Factory supplies use Income taxes expense Indirect labor Indirect material Factory insurance Factory utilities Factory maintenance Inventories $ 135,000 52,400 36,200 24,800 22,350 268,000 12,000 91,500 35,000 24,000 15,500 14,000 7,500 Raw materials inventory, January 1 32,000 Raw materials inventory, December 31 28,000 Work in Process inventory, January 1 33,780 Work in Process inventory, December 31 37,460 Finished goods inventory, January 1 56,970 Finished goods inventory, December 31 62,000 Raw materials purchases 325,000 Rent expense-Factory Rent expense-Office space Rent expense-Selling Space Sales salaries expense Sales Sales discounts 50,000 24,000 24,000 97,500 1,452,000 29,000 Ac