Question 2 and 3 required. Thank you.

Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income statement for the quarter ending December 31, 2019. Sales $1,378,600 Purchases of materials (1) 246,740 Payroll (2) 266,900 Advertising 37,200 Administrative travel 27,800 Manufacturing utilities 49,800 Facility rental (3) 92,000 Depreciation (4) 63,900 Sales commissions 43,000 Annual insurance (manufacturing) 42,000 Office utilities 22,600 Management salaries (5) 390,000 Net income $ 96,660 l Notes: (1) 80% of the materials were direct (2) 70% direct labour; 30% indirect labour (3) 90% related to manufacturing (4) 75% related to manufacturing (5) 40% related to manufacturing Furthermore, Rosenthal compiled the following information with respect to inventories for the quarter (note that the company does not maintain inventories of indirect materials). Beginning Ending Direct materials $ 6,970 $8,020 Work in process 8,170 9,280 Finished goods 11,380 7,480 I Required: 1. This part of the question is not part of your Connect assignment. 2. Prepare a cost of goods manufactured statement for the quarter.