The following information is available for Marks Company at December 31, 2019: Debit postings to Work in Process Inventory during the year were: Sales totaled $320,000 for the year. Instructions: From the information provided for Marks Company prepare a cost of goods manufactured schedule and an income statement for the year through gross profit. Format all answers with commas, but no $ signs or decimals. \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ MARKS COMPANY } \\ \hline \multicolumn{2}{|c|}{ Cost of Goods Manufactured Schedule } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, 2019 } \\ \hline \begin{tabular}{l} Work in \\ process (1/1) \end{tabular} & \\ \hline \begin{tabular}{l} Direct \\ materials used \end{tabular} & \\ \hline \begin{tabular}{l} Direct labor \\ Manufacturing \\ overhead \\ applied \end{tabular} & \\ \hline \begin{tabular}{l} Total \\ manufacturing \\ costs \end{tabular} & & \\ \hline \begin{tabular}{l} Total cost of \\ work in \\ process \end{tabular} & & \\ \hline \begin{tabular}{l} Less: Work in \\ process \\ (12/31) \end{tabular} & \\ \hline manufactured & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ MARKS COMPANY } \\ \hline \multicolumn{2}{|c|}{ (Partial) Income Statement } \\ \hline For the Year Ended December 31, 2019 \\ \hline \begin{tabular}{l} Sales \\ Cost of Goods \\ Sold \end{tabular} \\ \hline \begin{tabular}{l} Finished \\ Goods, (1/1) \end{tabular} \\ \hline \begin{tabular}{l} Cost of \\ Goods \\ Manufactured \end{tabular} \\ \hline \begin{tabular}{l} Cost of \\ Goods \\ Available for \\ Sale \end{tabular} & \\ \hline \begin{tabular}{l} Finished \\ Goods, \\ (12/31) \end{tabular} & \\ \hline \begin{tabular}{l} Cost of \\ Goods Sold \end{tabular} & \\ \hline Gross Profit & \\ \hline \end{tabular}