The following data refer to San Fernando Fashions Company for the year 20x2:

Sales revenue $1,050,000

Work-in-process inventory, December 31- 30,000

Work-in-process inventory, January 1 -36,000

Selling and administrative expenses- 150,000

Income tax expense80,000

Purchases of raw material170,000

Raw-material inventory, December 31- 25,000

Raw-material inventory, January 1- 30,000

Direct labor180,000

Utilities: plant40,000

Depreciation: plant and equipment60,000

Finished-goods inventory, December 31- 50,000

Finished-goods inventory, January 1- 20,000

Indirect material8,000

Indirect labor12,000

Other manufacturing overhead80,000

1.Prepare San Fernando Fashions' schedule of cost of goods manufactured for the year.

2.Prepare San Fernando Fashions' schedule of cost of goods sold for the year.

3.Prepare San Fernando Fashions' income statement for the year.