The following data from the just-completed year are taken from the accounting records of Eccles Company: Sales Direct labour cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 741,000 104,000 146,000 114,000 57,000 224,000 248,000 Inventories: Raw materials Work in process Finished goods Beginning of Year $ 9,400 6,400 71,400 End of Year $11,400 21,400 26,400 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. ECCLES COMPANY Schedule of Cost of Goods Manufactured Direct materials: 0 Raw materials used in production 0 Total manufacturing cost 0 0 Cost of goods manufactured $ 0 2. Prepare a schedule of cost of goods sold. ECCLES COMPANY Schedule of Cost of Goods Sold 0 0 Adjusted cost of goods sold $ 0 3. Prepare an income statement. ECCLES COMPANY Income Statement 0 Selling and administrative expenses: 0 $ 0