Selected account balances of Heedy Manufacturing Company appear below for 2021: Egg of Year End of Year Finished Goods Inventory $20,000 $26,000 Work in Process Inventory 30,000 35,000 Raw Materials Inventory 46,000 26,000 Sales 340,000 Direct Labour 55,000 Factory Supervisory Salaries 18,000 Income Tax Expense 25,000 Factory Insurance 12,000 Raw Material Purchases 90,000 Administrative Expenses 27,000 Sales Discounts 15,000 Factory Depreciation 22,000 Indirect Labour 11,000 Selling Expenses 35,000 Instructions Using the above information for Heedy Manufacturing Company, answer the following questions. Support your answers with clearly identied computations. 1. What was the amount of direct materials used in production? {4 marks) 2, What were the total manufacturing costs incurred? (4 marks) 3, What was the cost of goods manufactured? {6 marks] 4. What was the cost of goods sold? {4 marks) 5. Please prepare an income statement in good form. (6 marks)