PART B Terbaik Cerah Sdn. Bhd. is medium-sized business based in Shah Alam, Selangor. The following information is the company's record on 31 December 2020. RM Sales revenue 812,500 Direct material used 191,000 Work-in-process inventory, 31 December 12,300 Raw material inventory, 31 December 42,500 Raw material purchased during the year 180,000 Finished goods inventory, 31 December 45,000 Indirect labour 16,000 Direct labour 195,000 Plant heat, light and power 22.600 Building depreciation (7/9 is for manufacturing) 40,500 Administrative salaries 24.900 Miscellaneous factory cost 16,950 Selling costs 19.300 Maintenance on factory machines 6,050 Insurance on factory equipment 9,500 Distribution costs 800 Taxes on manufacturing property 6,550 Legal fees on customer complaint 4,100 On 1 January 2020, the Finished Goods Inventory account had a balance of RM40,000, and the Work-in-Process Inventory account had a balance of RM12,950. Required: a) Prepare a Schedule of Goods Manufactured for the year ended 31 December 2020. (7 marks) b) Prepare an Income Statement for the year ended 31 December 2020