The following data refer to San Fernando Fashions Company for the year 20x2: Sales revenue $1, 000, 000 Work-in-process inventory, December 31 30,000 Work-in-process inventory, January 1 36,000 Selling and administrative expenses 150,000 Income tax expense 70,000 Purchases of raw material 180,000 Raw-material inventory, December 31 25,000 Raw-material inventory, January 1 30,000 Direct labor 190,000 Utilities: plant 40,000 Depreciation: plant and equipment 60,000 Finished-goods inventory, December 31 50,000 Finished-goods inventory, January 1 15,000 Indirect material 8,000 Indirect labor 12,000 Other manufacturing overhead 80,0001. Prepare San Fernando Fashions' schedule of cost of goods manufactured for the year. SAN FERNANDO FASHIONS COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x2 Direct material: Manufacturing overhead: Total manufacturing overhead Total manufacturing costs 0 Subtotal Cost of goods manufactured2. Prepare San Fernando Fashions' schedule of cost of goods sold for the year. SAN FERNANDO FASHIONS COMPANY Schedule of Cost of Goods Sold For the Year Ended December 31, 20x2 Cost of goods available for sale Cost of goods sold3. Prepare San Fernando Fashions' income statement for the year. SAN FERNANDO FASHIONS COMPANY Income Statement For the Year Ended December 31, 20x2 Income before taxes 0Income after taxes Income tax expense Manufacturing overhead Sales revenue Selling and administrative expenses