The following data from the Just completed year are taken from the accounting records of Mason Company Sales Direct labor coat Raw material purchases Selling expenses Adsinistrative expenses Manufacturing overhead applied to work in prons Actual manufacturing overhead conta $ 655,000 $ 89,000 $ 139,000 $ 106,000 $ 46,000 $ 229,000 $ 209,000 Inventories Raw materials Work in process Finished goods Beginning Ending $8,700 $ 11,000 $ 5,600 $20,200 $ 75,000 $ 25,300 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 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 Total raw materials available Direct materials used in production 0 Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Required 1 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 Cont of Goods Sold Required 1 Required 2 Required 3 Prepare an Income statement. Mason Company Income Statement 0 Selling and administrative expenses: 0 $