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The following is information for Barnes Manufacturing for the year ended 12/31/20; Sales revenue $600,000 Direct labor $90,000 Direct materials purchased $150,000 Factory rent $70,000 Sales office rent $50,000 Depreciation factory equipment $25,000 Factory custodian salary $40,000 Sales office security guard salary $45,000 Inventory balances; Direct materials inventory WIP inventory Finished goods inventory 12/31/20 $30,000 $55,000 $95,000 1/1/20 $20,000 $60,000 $85,000 Required - Prepare the following a. Direct materials schedule b. Cost of goods manufactured schedule c. Cost of goods sold schedule d. Income Statement