Standford Corporation has provided the following data for the month of February:

Sales	$280,000
Raw materials purchases	$76,000
Direct labor cost	$42,000
Manufacturing overhead	$77,000
Selling expense	$20,000
Administrative expense	$35,000

Inventories:	Beginning	Ending
Raw materials	$22,000	$33,000
Work in process	$15,000	$23,000
Finished goods	$52,000	$43,000

a. Prepare a Schedule of Cost of Goods Manufactured in good form for February. (6 points) b. Prepare an Income Statement in good form for February. (6 points)