Schedule of Cost of Goods Manufactured Required information For the Year Ended December 31, 20x2 [The following information applies to the questions displayed below.] Direct material: The following data refer to San Fernando Fashions Company for the year 20x2: Sales revenue $1, 050, 000 Work-in-process inventory, December 31 000'08 Work- in-process inventory, January 1 36,000 Selling and administrative expenses 150, 000 Income tax expense 80, 000 Purchases of raw material 000'OLT Manufacturing overhead: Raw-material inventory, December 31 25, 000 Raw-material inventory, January 1 30, 000 Direct labor 180, 000 Utilities: plant 40, 000 Depreciation: plant and equipment 60,000 Finished-goods inventory, December 31 50,000 Finished-goods inventory, January 1 20, 000 Indirect material 8,000 Indirect labor 12, 000 Other manufacturing overhead 80, 000 Total manufacturing overhead Total manufacturing costs $ 2. Prepare San Fernando Fashions' schedule of cost of goods sold for the year. SAN FERNANDO FASHIONS COMPANY 3. Prepare San Fernando Fashions' income statement for the year. Subtotal Schedule of Cost of Goods Sold For the Year Ended December 31, 20x2 SAN FERNANDO FASHIONS COMPANY Cost of goods manufactured Income Statement For the Year Ended December 31, 20x2 Cost of goods available for sale Cost of goods sold Income before taxes $ $