Using the following data for Joey's Production's first quarter ending March 31, 2020, prepare (1) a Schedule of Cost of Goods Manufactured and 2)an income statement (34 Marks) Purchases of raw materials 360,000 Supplies, factory 4,000 Raw materials inventory, beg. 40,000 Selling expenses 320,000 Raw materials inventory, ending 68,000 Administrative expenses 280,000 Depreciation, factory 168,000 Indirect labour 260,000 Direct labour 24,000 Work in process inventory, beg. 28,000 Maintenance, factory 120,000 Work in process inventory, ending 120,000 Sales 1,800,000 Finished goods inventory, beg. 40,000 Utilities, factory 108,000 Finished goods inventory, ending 160,000