Supreme Videos, Inc, produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of January 1, are given below $ 71,000 110,000 . Supone Videos, Inc. Balance Sheet January 1 Naneta Current Carl Wooounts receivable Inventarios w materials in contunes) Vos in process Vinhed videos avatting wat Trepaid TICO Total olu sed do Tot and cost AECO Date Catoor and a 530,000 30.000 99.000 900.000 215.000 157.000 10.600 700 2,000 30000 525.000 27 DO 3140,000 200.000 0076,600 AD 3 Supreme Videos, Inc. Schedule of Cost of Goods Manufactured Direct materials: 5.68 points oflook Total raw materials available Per Raw materials used in production Polotonoos Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Ren3 Reg 5 M Prepare a schedule of cost of goods sold. Supreme Videos, Inc. Schedule of Cost of Goods Sold nces Prepare an income statement for the year. Supreme Videos, Inc. Income Statement For the Year Ended December 31 0 Selling and administrative expenses: 0 $ $ 0