5. Selected elements from the financial statements for Three Eyed Raven Mead, Inc. for the year ending 12/31/2020. Use the next page to prepare the Statement of Cost of Goods Manufactured and Sold statement(s) in good form. The Cost of Goods Manufactured and Cost of Goods Sold statements may be combined into one statement if that is your preference. Work in process, ending $ 13,000 Finished goods inventory, January 1 $ 16,000 Direct materials used $ 99,000 Work in processing, beginning $ 15,000 Manufacturing overhead $ 33,000 Finished goods Inventory, December 31 $ 12,000 Direct labor $ 42,000 Revenue $ 100,000 SG&A $ 27.500