Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process, March 1 22,000 Work in process, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000 a. Prepare a schedule of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods Manufactured For Month Ended March 31 Beginning work in process inventory, March 1 22,000 Direct Materials: Beginning materials inventory 6,000 Purchases 92,000 Cost of materials available for use 98,000 Less ending materials inventory -8,000 Cost of direct materials used 90,000 Direct labor 25,000 Factory overhead Total manufacturing costs incurred Total manufacturing costs Less ending work in process inventory 37,000 152,000 174,000 -18,500 Cost of goods manufactured 155,500 b. Prepare an income statement for the month ended March 31. Zoe Corporation Income Statement For Month Ended March 31 Cost of goods sold: Cost of goods sold Gross Profit Operating expenses: c. Prepare only the inventory section of the balance sheet. Zoe Corporation Balance Sheet For Month Ended March 31 Inventory: Materials Work in process Finished goods Total inventory $ $