P19-4B The following data were taken from the records of Goodman Manufacturing Company for the year ended December 31, 2012 Raw Materials Factory Insurance $ 7,400 Inventory 1/1/12 $47,000 Factory Machinery Raw Materials Depreciation 7,700 12,900 Office Utilities Expense 8,600 465,000 2,500 Plant Manager's Salary 40,000 Factory Property Taxes 6,100 800 Raw Materials Purchases 62,500 28,000 Inventory 12/31/12 44.200 Factory Utilities Finished Goods Inventory 1/1/12 85,000 Sales Finished Goods Sales Discounts Inventory 12/31/12 67,800 Work in Process Inventory 1/1/12 9,500 Factory Repairs Work in Process 8,000 145,100 18,100 Accounts Receivable 27,000 Inventory 12/31/12 Cash Direct Labor Indirect Labor Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assts section of the balance shet t December 31