The following data from the just completed year are taken from the accounting records of Mason Company: Required: . 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. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Mason Company } & \\ \hline & \multicolumn{2}{|c|}{ Schedule of Cost of Goods Manufactured } \\ \hline Direct materials: & & & \\ \hline & & & \\ \hline & & & \\ \hline Total raw materials available & & & \\ \hline & & & \\ \hline Direct materials used in production & & & \\ \hline & & & \\ \hline & & & \\ \hline Total manufacturing costs added to production & & & \\ \hline Total manufacturing costs to account for & & & \\ \hline & & & \\ \hline Cost of goods manufactured & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Mason Company } \\ \hline \multicolumn{2}{|c|}{ Schedule of Cost of Goods Sold } \\ \hline \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}