W Last year, Southern Sporting Company manufactured 100,000 units and reported the following information (in Euros}: Sandpaper 32,000 Leasing costs plant 384,000 Materials handling 320,000 Depreciation equipment 224,000 Coolants & lubricants 22,400 Property taxes equipment 32,000 Indirect manufacturing labor 225,200 Fire insurance equipment 20,000 Direct manufacturing labor 2,126,000 Direct material purchases 3,136,000 Direct materials, lfJan 384,000 Financial costs 25,000 Direct materials, 31fDec 225,200 Sales revenue 12,800,000 Finished goods, 1fJan 622,000 Sales commissions 640,000 Finished goods, 31fDec 1,280,000 Sales salaries 522,000 Workinprocess, 1,'Jan 96,000 Advertising costs 480,000 Work-in-process, 31! Dec 64,000 Administration costs 800,000 Required: 1. What is cost of goods manufactured? 2. Prepare the prot and loss account