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Question 1: Data about Company A is given below: Direct Material Inventory, January 1, 2020 WIP Inventory, January 1, 2020 Finished Goods Inventory, January 1, 2020 Utilities expense of administrative department Interest Revenue Rent expense of manufacturing plant Sales return Direct Material Purchase Insurance expense of marketing vehicles Depreciation Expense of Manufacturing Equipment Depreciation expense of marketing vehicles Sales Revenue Utilities Expense of Marketing Department Utilities expense of manufacturing department Indirect Material Sales Discount Dividend Revenue Indirect labor expense Tax Expense Direct Labor Expense Direct Material Inventory, December 31, 2020 WIP Inventory, December 31, 2020 Finished Goods Inventory, December 31, 2020 200.000 150.000 180.000 60.000 150.000 500.000 50.000 1.000.000 220.000 400.000 390.000 6.000.000 180.000 520.000 160.000 100.000 200.000 180.000 %20 1.200.000 160.000 200.000 80.000 Required: Prepare a Cost of Goods Manufactured/Sold Statement and an Income Statement of Company A for the year 2017