HERMy work The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material parchases Selling expenses Administrative expenses Manasting overhead applied to work in process Motul sanataturing overhead coat $652,000 $ 84,000 $ 192,000 104.000 49,000 $ 226,000 205,000 Inventor Nav nateriale Work in proces Finished good Beginning $ 0,400 10.500 $ 5.700 120,100 679.000 26.000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold 3. Prepare an income statement Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. Mason Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Direct materials used in production ce Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Required 2 > Required 1 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Mason Company Schedule of Cost of Goods Sold Required 1 Required 2 Required 3 Prepare an income statement. Mason Company Income Statement 0 Selling and administrative expenses 0 0