The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed: Costs incurred: I Direct labour cost..... Purchase of raw materials .. Indirect labour .... Maintenance, factory equipment Advertising expense.. Insurance, factory equipment Sales salaries .... Rent, factories facilities .. Supplies ..... Depreciation, office equipment. Depreciation, factory equipment $ 70,000 118,000 30,000 6,000 90,000 800 50,000 20,000 4,200 3,000 19,000 Beginning of the Year End of the Year Inventories: Raw materials .. Work in process.. Finished goods... $ 7,000 10,000 20,000 $ 15,000 5,000 35,000 Required: 1. Prepare a schedule of cost of goods manufactured in good form. 2. Prepare the cost of goods sold section of Mason Company's income statement for the year