The Anthony Company reports the following information pertaining to its operating activities. Materials Inventory Work in Process Inventory Finished Goods Inventory Ending Balance $ 10,000 29,000 52,000 Beginning Balance $ 40,000 60,000 42,000 During the year, the company purchased $40,000 of direct materials and incurred $21,000 of direct labor costs. Total manufacturing overhead costs for the year amounted to $18,000. Selling and administrative expenses amounted to $60,000, and the company's annual sales amounted to $250,000. a. Prepare Anthony's schedule of the cost of finished goods manufactured. b. Prepare Anthony's income statement (ignore income taxes). Required A Required B Prepare Anthony's schedule of the cost of finished goods manufactured. ANTHONY COMPANY Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Manufacturing costs assigned to production: Total costs in process Cost of finished goods manufactured Required A Required B Prepare Anthony's income statement (ignore income taxes). ANTHONY COMPANY Income Statement For the Year Ended December 31