Superior Manufacturing Company has the following cost and expense data for the year ending December 31, 2012. Instructions Prepare a cost of goods manufactured schedule for Superior Company for 2012. Prepare an income statement for Superior Company for 2012. Assume that Superior Company's ledgers show the balances of the following current asset accounts: Cash $17, 000, Accounts Receivable (net) $120, 000. Prepaid Expenses $13, 000, and Short-term Investments $26, 000. Prepare the current assets section of the balance sheet for Superior Company as of December 31, 2012. action plan Start with beginning work in process as the first item in the cost of gods manufactured schedule. Sum direct materials used, direct labor, and total manufacturing overhead to determine total manufacturing costs. Sum beginning work in process and total manufacturing costs to determine total cost of work in process. Cost of goods manufactured is the total cost of work in process less ending work in process. In the cost of goods sold section of the income statement, show beginning and ending finished goods inventory and cost of goods manufactured. In the balance sheet, list Factory manufacturing inventories in order of their expected realization in cash, with finished goods first