Question 1 (15 Marks) The following data (in thousands of dollars) has been taken from the accounting records of Lanyard Corporation for the year just completed: Sales Purchases of raw materials Direct labour Manufacturing overhead Administrative expenses Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work-in-process inventory, beginning Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $870 $110 $130 $200 $160 $140 $30 $60 $50 $10 $150 $140 Required: a) Prepare a schedule of cost of goods manufactured in good form (9 marks) b) Compute the cost of goods sold (3 marks) c) Using data from your answers above as needed, prepare an income statement in good form