Please help me!! Thank you so much in advance.

The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 524 , 000 Direct labor cost $ 70,000 Raw material purchases $ 118, 000 Selling expenses $ 140,000 Administrative expenses $ 63,000 Manufacturing overhead applied to work in process 5 90,000 Actual manufacturing overhead costs $ 80, 000 Inventories Beginning Ending Raw materials $ 7,000 $ 15,000 Work in process $ 10,000 $ 5,000 Finished goods $ 20,000 $ 35,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead Is closed to Cost of Goods Sold. 3. Prepare an income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured, Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory Add: Ending raw materials inventory Total raw materials available Less: Ending raw materials inventory Direct materials used In production Direct labor Manufacturing overhead Total manufacturing costs added to production Total manufacturing costs to account for Less; Ending work in process inventory Cost of goods manufactured Mason Company Income Statement Sales Cost of goods sold Gross loss X 0 Selling and administrative expenses: O 0 Mason Company Schedule of Cost of Goods Sold Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Unadjusted cost of goods sold Less: Overapplied overhead Adjusted cost of goods sold