The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $124,200 119,200 76,800 April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Raw materials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 85,800 145,500 80,500 $119,300 101,900 62,800 358,000 Required a. Prepare a schedule of cost of goods manufactured and sold b. Calculate the amount of gross margin on the income statement