The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April $123,500 119,500 77,200 $ 85,700 146,900 81,400 Costs of manufacturing overhead Costs of raw materials purchased Costs of direct labor Sales revenues $119,200 100,800 62,300 359,000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement.