PART 1 The following data (in thousands of dollars) have been taken from the accounting records of Cat Corporation for the year ended March 31st, 2021: Sales $1,650 Purchases of raw materials $475 Direct labour $250 Glue $20 Wages of factory security guard $30 Depreciation of equipment used in production $60 Administrative expenses $230 Marketing campaign for cat dishes $120 Sales commissions for sales team $95 Shipping expense for finished goods $50 Raw materials inventory, beginning $120 Raw materials inventory, ending $110 Work in process inventory, beginning $80 ocess inventory, ending $60 Work in Finished goods inventory, beginning $130 Finished goods inventory, ending $80 (a.) Prepare a formal schedule of cost of goods manufactured (i.e. in good form). (b.) Compute the cost of goods sold. (c.) Using data from your answers above as needed, prepare a traditional income statement in good form