The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in Actual manufacturing overhead costs 651,000 $ 90,000 132,000 108,000 45,000 201,000 224,000 process Inventories Raw materials Work Finished goods Beginning Ending $ 8,800 10,700 $ 5,600 2e,900 S 73,000 25,800 in process 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 Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Complete this question by entering your answers in the tabs below. Required1 Required 2 Required 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 Required Required 3 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 0 Required 2 Required 3