The following costs and inventory data were taken from the accounts of Simon Company for 2016: January 1, 2016 December 31, 2016 Inventories: Raw materials Work in process Finished goods Costs incurred: Raw materials purchases Direct labor Factory rent Factory utilities Indirect materials Indirect labor Operating expenses $ 8,000 15,000 16,000 $ 7,000 13,000 12,000 $ 98,000 42,000 8,000 10,000 6,000 9,000 17,000 Prepare a schedule of Cost of Goods Manufactured for Simon Company for the year ended December 31, 2016 in good form. SIMON COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2016 Prepare the Cost of Goods Sold section of the Income Statement for Simon Company for the year ended December 31, 2016 in good form. SIMON COMPANY (Partial) Income Statement For the Year Ended December 31, 2016