The following data from the just completed year are taken from the accounting records of Mason Company: Direct Labor cost Ra material purchases Selling expenses ministrative expenses Manufacturing overhead applied to work in process Retual manufacturing overhead costs $ 551,000 $ 87.000 $ 137,000 $ 107.000 $ 47,000 $ 210,000 $ 228,000 Inventories Rawaterials Work in process Finished goods Beginning $ 3,300 $ 5,200 $ 75,000 Ending $ 10,900 $ 20.500 $25,200 Required 1 Required 2 Required 3 Prepare a schedule of cost of goods manufactured. Assume all raw materials used in pro Mason Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs | Cost of goods manufactured Neyuncu 2 Required 2 Required 3 Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapi 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 Selling and administrative expenses: