The following information was taken from the accounting records of Genie Manufacturing Limited for the month ended March 2020: Purchases, raw material 129,000 Maintenance, factory 22,500 Direct labour 98,000 Depreciation, factory equipment 8,000 Indirect Material, factory 10.200 Insurance 4,000 Depreciation, sales & admin equipment 4,600 Advertising expenses 3.600 Cleaning Supplies, factory 800 Selling and administrative salaries 29,000 Salary, factory supervisor 8,000 Salary, factory security 6,000 Office supplies 1,500 Depreciation, manufacturing building 1.100 Rent 2.000 Property taxes, manufacturing building 300 Utilities 2,600 Additional information: 1. Insurance, utilities, rent and office supplies should be allocated as follows: Selling & Factory Administration Insurance 60% 40% Office supplies 15% 85% Rent 100% Utilities 75% 25% 2. Inventory balances at the beginning and end of March were as follows: March 1 March 31 Raw materials s 18,000 s 22.000 Work in process S 21.500 $ 18.500 Finished goods S 36,000 S 38.500 3. Sales for the month of March 2020 were $ 416,800 Required: a. Prepare a Schedule of cost of goods manufactured for the month of March 2020. b. Prepare an income statement for the month of March 2020 (multi-step format). Late submissions will be assessed a 10% penalty per day and will not be accepted 2 days after the due date. Under no circumstances may the value of an assignment be moved to the exam. Students will receive a grade of 0% if the assignment is not submitted as required. Students must NOT have the case prepared for them by friends, acquaintances, family or tutors as this is a form of academic dishonesty