The following information are from the accounting records of EH Corporation for 2018: Selling expenses 70,000 Raw materials inventory, January 1 45,000 Raw materials inventory, December 31 30,000 Work in process inventory, January 1 90,000 Work in process inventory, December 31 50,000 Finished goods inventory, January 1 130,000 Finished goods inventory, December 31 105,000 Utilities factory 18,000 Direct labor cost 75,000 Depreciation, factory 81,000 Purchases of raw materials 375,000 Sales revenue 1,250,000 Insurance, factory 20,000 Supplies, factory 7,500 Administrative expenses 135,000 Indirect labor 150,000 Maintenance, factory 43,500 Management wants these data organized in a better format so that financial statements can be prepared for the year. Required: Prepare an income statement with a schedule for cost of goods manufactured