Jolly Corporation had the following account balances at the end of 2017: $99,000 $38,000 32,000 8,000 385,000 22,200 33,800 629,000 24,000 Amortization of plant building Amortization of plant equipment Amortization of office equipment Amortization of office building Direct manufacturing labour Direct materials inventory Dec 31, 2016 Direct materials inventory Dec 31, 2017 Direct materials purchased Finished goods inventory Dec 31, 2016 Finished goods inventory Dec 31, 2017 General office expenses Indirect manufacturing labour Indirect materials used Insurance on plant and plant equipment Insurance on office Property taxes on plant Property taxes on office Sales Utilities, plant Utilities, office Work-in-process inventory Dec 31, 2016 Work-in-process inventory Dec 31, 2017 37,600 600,000 24,500 31,200 29,300 17,600 52,400 27,800 1.900.000 44,200 19,800 11,200 39,200 Required: a. Prepare a cost of goods manufactured schedule for the year ended Dec 31, 2017 b. Prepare the income statement for the year