UTOF Manufacturing Company has the following cost and expenses data for the year ending December 31, 2018 $30,000 Raw materials, January 1 Raw materials, December 31 Raw materials purchased Indirect materials Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Direct labour Factory manager's salary Insurance - factory Property taxes - factory building 20,000 205,000 15,000 80,000 50,000 110,000 120,000 350,000 35,000 14,000 6,000 1,500,00 I Sales (net) Delivery expenses Sales commissions Indirect labour Factory machinery rent Factory utilities Amortization - factory building Administrative expenses 100,000 150,000 90,000 40,000 65,000 24,000 300,000 a) Prepare a cost of goods manufactured schedule for Superior Maracturing Co to 20 b) Prepare an income statement for Superior Manufacturing Company for 2015 c) Assume that Superior Manufacturing Company's ledgers show the following bacsint current asset accounts: Cash $17,000, Accounts Receivable (Not) $130,000, Prepedese $13,000, and Short-Term Investments $26,000. Prepare the current assets sedice tu balance sheet for Superior Manufacturing Company as at December 31,2018 d) Why do you think that the manufacturing overhead account balances should be closed on December 31, 2018