straightforward manufacturing statement the following information was extracted from the accounting records of Olympic company for the year just ended sales $628,000 work in progress January 1st $56,700 advertising expense $23,500 Finished goods, Dec. 31 $67,800 indirect materials $12,300 direct labor $85,600 direct materials, Jan 1 $45,500 finished goods, Jan. 1 $55,900 direct materials, Dec. 31 $38,200 sales staff salaries $33,300 work in process, Dec. 31 $47,400 indirect labor $50,700 utilities taxes Insurance in depreciation are incurred jointly by Olympic manufacturing sales and administrative facilities the cost were as follows: utilities $40,000 taxes $25,000 insurance $10,000 depreciation $36,000 the first three cost are allocated proportionately on the basis of square feet occupied by three functional areas. a review of the company's facilities reveal the following percentages would be appropriate: manufacturing, 50%; sales, 30%; and administrative, 20%. Description is allocated 70, 20, and 10%, respectively. a. prepare a schedule of cost of goods manufactured in good form b. prepare an income statement I good form