The following data is for Nineveh Chemical Industries Company Stock 1/1/2020 31/12/2020 Direct material stock 6000 8000 Inventory of production in progress 1000 2000 Complete production stock 22500 15000 additional information Direct action 12500 Purchased direct materials 42500 Loading rate Tgm per hour of operation of the machines 2 The number of operating hours of the machine during 2020 is 5000 hours Actual Tgmt 2020 21000 Sales 90000 The company is based on distributing the differences between the actual CGM and CGM charged on the inventory of production in progress, the inventory of finished goods and the cost of sales. Required 1- Proving the daily restrictions for the above operations 2- Posting to the ledger for production in progress accounts, finished production and costs of goods sold 3- Prepare the income statement