The following information has been taken from the accounting records of Manufacturing company for year December, 2019: + Particulars Raw materials inventory, January 1 Raw materials inventory, December 31 Selling expenses Utilities, factory Direct labor cost Depreciation, factory Purchase of raw materials Sales Insurance, factory Supplies, factory Administrative expenses Indirect labor Maintenance, factory Cash Accounts Receivable Inventories Work in progress inventory, January 1 Work in progress inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Amount $500,000 200,000 50,000 50,000 100,000 150,000 2,000,000 5,000,000 50,000 30,000 150,000 50,000 100,000 150,000 250,000 50,000 150,000 100,000 150,000 100,000 Management wants these date organized in a better format so that financial statements can be prepared for the year. Required: 1. Prepare a schedule of cost of goods manufactured. 2. Prepare the cost of goods sold 3. Prepare a pro forma income statement for December, 2019. 4. Prepare the current assets section of the Balance Sheet at December