The accounting records of Fanzy Ltd shows the following inventory and cost data for the year 2022 just ended.

- Direct labour cost - Purchases of raw materials - Indirect labour - Maintenance of factory equipment - Advertising expense - Insurance of factory equipment - Sales salaries - Rent of factory facilities - Supplies - Depreciation of office equipment - Depreciation of factory equipment $70000 120000 45000 6000 90000 1900 50000 24000 3600 4500 17000 IEQUIRED : 1. Prepare a schedule of the cost of the goods manufactured 2. Prepare the multi-step income statement of the year assuming that the total net sales were $500000