The following data (in thousands of dollars) have been taken from the accounting records of Table Manufacturing Corporation for the year ended December 31st, 2019:

Sales $870

Purchase of raw materials $110

Direct Labor $130

Indirect Materials $30

Production Supervisor Salary $100

Insurance, Factory $40

Depreciation of equipment used in production $30

Utilities of Corporate Headquarters $60

Marketing and selling expenses $140

Salary of Administration $100

Raw materials inventory, beginning $30

Raw materials inventory, ending $60

Work in process inventory, beginning $50

Work in process inventory, ending $10

Finished goods inventory, beginning $150

Finished goods inventory, ending $140

a) Make a formal schedule of cost of goods manufactured ( i.e. in good form).

b) Compute the cost of goods sold.

c) Using data from your answers above as needed, prepare traditional income statement in good form.