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Worksheet, Financial Statements, ans Schedule of Cost Goods Manufactured and Sold The trial balances for Newton Manufacturing Corporation at the end of 2016 follows: The

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Worksheet, Financial Statements, ans Schedule of Cost Goods Manufactured and Sold The trial balances for Newton Manufacturing Corporation at the end of 2016 follows: The following information is available (adjusting entries have not been recorded): Annual amounts of depreciation are factory buildings, $44,000 and factory equipment, $28,000. Uncollectible accounts expense, 1/2% of sales. (Debit this expense to Selling Expenses.) Estimated income taxes, $26,000. January 1 inventories were materials, $164,000; work in process, $72,000; and finished goods, $92,000. Additional data needed for schedule of cost of goods manufactured and sold; Required a. Prepare a worksheet for 2016. b. Prepare an income statement. c. Prepare a balance sheet. d. Prepare a schedule of cost of goods manufactured and sold

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