The following data from the just completed year are taken from the accounting records of Mason Company: $658,00e $ 90,00e $135,00e Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process $205,eee Actual manufacturing overhead costs $228,00e Inventories Raw materials Work in process 5,600 $20,600 Finished goods Beginning Ending $ 8,000 $10,7ee $79,000 $25,5ee Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials Mason Company Schedule of Cost of Goods Manufactured Direct materials Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production rect labor anufacturing overhead $8,000 135,000 143,000 10,700 $132,300 90,000 205,000 Total manufacturing costs Add: Beginning work in process inventory 5,600 5,600 20,600 ess: Ending work in process inventory Cost of goods manufactured Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Mason Company Schedule of Cost of Goods Sold K Required 1 Required 3> 3. Prepare an income statement. Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses K Required 2 Required 3