roblem 1) The following account balances and other information were taken from the accounting records of Jack Co. for the year ended December 31, 2030. Required: r Use the information below to prepare: a) A schedule of factory overhead costs. b) A schedule of cost of goods manufactured (include the total from part a)). c) Prepare only the cost of goods sold section of Jack Co.'s income statement for the year. Finished Goods Inventory, December 31, 2029 $30,000 Finished Goods Inventory, December 31, 2030 $27,000 Bad Debts Expense $20,000 Depreciation Expense - Office Equipment $35,000 Depreciation Expense Factory Building $180,000 Depreciation Expense Factory Equipment $77,000 Direct Labour $250,000 Factory Insurance Expense $40,000 Factory Supervision Expense $85,000 Factory Supplies Expense $30,000 Factory Utilities Expense $120,000 Advertising Expense $50,000 Work In Process Inventory, December 31, 2029 $20,000 Work In Process Inventory, December 31, 2030 $35,000 Indirect Labour $65,000 Miscellaneous Expenses - Office $50,000 Property Taxes on Factory $22,000 Raw Materials Inventory, December 31, 2029 $60,000 Raw Materials Inventory, December 31, 2030 $70,000 Raw Materials Purchases $440,000 Repairs Expense - Factory Equipment $40,000 Salaries Expense - Office $180,000 Sales $2,460,000 Miscellaneous Expense - Factory $22,000