The following information relates to EAZ Company for the year ended December 31, 2018: Raw materials P200,000 Direct Labor 100,000 Indirect Materials 5,000 Indirect Labor 47,000 Factory utilities 18,000 Factory rent 36,000 Depreciation - Factory Equipment 24,000 Sales 960,000 Selling Expenses 120,000 Administrative expenses 240,000 Income tax rate 30% Raw Materials Inventory Work In Process Inventory Finished Goods Inventory January 1 P20,000 18,000 24,000 December 31 P16,000 15,000 21,000 Required: 1. Calculate the Raw Materials Used 2. Prepare a schedule of goods manufactured. 3. Construct an income statement for the year ended December 31, 2018