Question 3 The following information is available for commercial Drive Company. January 1, 2022 December 31 2022 Activity 2022 Raw materials $21,000 $30,000 inventory Work in process 14.500 17,200 Inventory Finished goods 27,000 21,000 inventory Materials purchased $150,000 Direct labor 220,000 Manufacturing 180,000 overhead Sales revenue 910.000 Required: a. Prepare the cost of goods manufactured calculation b. Prepare an income statement through to and including gross profit. c. Show the presentation of the ending inventories on the December 31, 2022, balance sheet (a) Work in process, 11 $ 14,500 Cost of goods manufactured (ereck provided) SS 300 (b) Sales revenue. Cost of goods sold: Gross profit.. Commercial Drive Company (Partial) Balance Sheet December 31, 2022 (c) Current assets Inventories