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 expense:s Manufacturing overhead applied to work in process Actual manufacturing overhead costs 653,000 $ 83,000 $ 135,000 $ 110,000 $ 47,000 $ 203,000 $ 223,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 8,500 $ 10,200 $ 5,600 20,400 $76,000 25,700 Required: 1. Prepare a schedule of cost of goods manufactured. Assme 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 materlals used In production were direct materlals Mason Company Schedule of Cost of Goods Manufactured Direct materials Total raw materials available Raw materials used in production Total manufacturing costs 0 Cost of goods manufactured Required 1 Required2 > Required Required 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 Required 1 Required 3 > Required 1 Required 2Required 3 Prepare an income statement. Mason Company Income Statement Selling and administrative expenses