Olympians Inc. manufactures and sells a unique product. The following data are extracted from the accounting records at December 31, 2017: Work in progress, ending Commissions Depreciation-factory Finished goods inventory, ending Other manufacturing overhead Rent Accounts receivable Supplies Direct materials, beginning Mortgage Production (units) Purchases direct materials Sales S Finished goods, beginning Prime costs (total) Direct labour Direct materials, ending Depreciation- equipment General office salaries Advertising Work in progress, beginning $67,000 230,000 To be determined To be determined 17,000 100,000 35,600 55,000 52.000 238,000 To be determined To be determined 1,200,000 519,000 410,000 23,000 To be determined 410,000 35,000 16,000 ADDITIONAL INFORMATION: 1. Supplies: $35,000 applies to factory operations. The remaining balance applies to sales and administration. 2. Rent: 60 % apply to factory operations and the rest applies to administration buildings. 3. Depreciation-equipment: calculated as equal to $1.25 per unit produced. 4. Deprecation-factory exceeds depreciation equipment by $6,100. 5. All the units produced during the year 2017 were sold. 6. Sale price per unit was $30 during the year 2017. 1. Prepare the schedule of Cost of Goods Manufactured at December 31, 2017. .....2. Prepare the Income Statement for the period ending December 31, 2017