The following accounts contain information about January's production for Brotto Bold Industries. Debit Debit Debit Raw Materials 24,785 68,541 17,630 Work In Process 29,856 68,542 44,150 41,174 25,870 Sales Revenue Credit Credit 75,696 157,852 Credit 256,963 256,963 Direct Materials Debit 68,542 Finished Goods Debit 32,585 157,852 15,852 Credit 29,875 11,462 41,337 68,542 Credit 174,585 Selling and Admin Expense Debit Credit Required: 1. Prepare a Schedule of Cost of Goods Manufactured. Note: Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values. Debit Direct Labor Debit Cost of Goods Sold 174,585 174,585 Credit 7,154 34,578 558 39,965 4,185 44,150 Credit Manufacturing Overhead Debit Credit 41,174 Brotto Bold Industries Schedule of Cost of Goods Manufactured For the Month Ended January 31, 20XX Raw Materials: Raw Materials Available for use Total Current Manufacturing Costs 2. Prepare an Income Statement for internal purposes. Note: Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values. Brotto Bold Industries Income Statement For the Month Ended January 31, 20XX Cost of Goods Sold: Preliminary Cost of Goods Sold