Prepare a schedule of cost of goods sold. Assume the company's underapplied or overap Goods Sold. Prepare an income statement. Mason Company provided the following data for this year: 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 the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Mason Company Schedule of Cost of Goods Manufactured \begin{tabular}{|l|l|l|l|} \hline Direct materials: & & & \\ \hline Beginning raw materials inventory & & & \\ \hline Add: Purchases of raw materials & & & \\ \hline Total raw materials available & & & \\ \hline Less: Ending raw materials inventory & & & \\ \hline Direct materials used in production & & & \\ \hline Direct labor & & & \\ \hline Manufacturing overhead & & & \\ \hline Work in process & & & \\ \hline Total manufacturing costs added to production & & & \\ \hline Total manufacturing costs to account for & & & \\ \hline Less: Ending work in process inventory & & & \\ \hline Cost of goods manufactured & & & \\ \hline \end{tabular}