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Good Vibrations, Inc., produces recordings of musical performances. A newly hired executive of the company has asked you to sort through the records and prepare a statement of the company's cost of goods manufactured. You find the following data from records prepared by Good Vibrations, Inc., for the year ended December 31, 2013: You also learn that beginning Finished Goods Inventory on January 1, 2013, was $20, 000 and ending Finished Goods Inventory on December 31, 2013, was $5, 000. Sales for the year were $400, 000. Selling expenses were $50, 000 and administrative expenses were $75, 000. a. Prepare a statement of cost of goods manufactured for Good Vibrations, Inc., for the year ended December 31, 2013. b. Prepare an income statement for Good Vibrations, Inc., for the year ended December 31, 2013