Question 32 Selected accounts of CFC Corporation as of December 31, 2020 are presented below: Sales 844,000 Sales returns and allowances 12,000 Sales discount 8,800 Purchases 266,800 Purchases returns and allowances 8,700 Purchase discount 6,500 Freight in 12,000 Direct labor 122,100 Indirect labor 45,600 Heat, light and power 38,000 Factory insurance expense 18,400 Factory repairs and maintenance 22,000 Miscellaneous factory expense 16,700 Sales salaries 64,200 Advertising expense 29,900 Miscellaneous selling expense 33,600 Office salaries 44,000 Taxes and licenses 13,000 Miscellaneous general and administrative expense 28,100 Depreciation expense - Office building 18,000 Depreciation expense - machinery 12,140 Depreciation expense - office equipment 3,500 Salaries and wages payable 10,400 Factory supphes expense 6,900 Raw materials (January 1 balance - PS2,800) 48,600 Goods in process (January 1 balance - P38,600) 46,200 Finished goods (January 1 balance - P46,000) 76,500 Hind: In a scratch paper, prepare the statement of comprehensive income and use it to answer 5 questions worth 2 points each related to this problem 1. What is the total cost of goods manufactured? Blank 1 2. What is the total cost of goods sold? Blank 2 3. What is the total distribution cost? Blank 3 4. What is the total operating expenses? Blank 4 5. What is the net income? Blank 5