3 - 16 marks - 27 minutes Financial data for the most recent accounting period for Johnson Corporation (JC) is show below. Administration expense 35,000 Advertising expense 19,000 Direct labour 110,000 Finished goods - beginning 40,000 Goods available for sale 700,000 Gross margin 220,000 Indirect labour Maintenance factory 13,000 25,000 Purchases - raw materials 475,000 Raw materials - beginning 22,000 Raw materials used in the period 375,000 Rent-factory 60,000 Rent - head office 12,000 Sales 800,000 Selling expenses 65,000 12,000 220,000 Utilities - factory Work-in-process-beginning Required a) Prepare a Statement of Cost of Goods Manufactured for the period b) Prepare an Income Statement for the period c) Determine ending values for all inventory accounts