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Problem 1: Prepare a Schedule of Cost of Goods Manufactured and and Income Statement using the information below: Given: Beginning work-in-process inventory, Jan 1, 2013 $8,000 Indirect manufacturing labor $5,000 Beginning finished goods inventory, Jan 1, 2013 $25,000 Marketing expenses $22,000 Depreciation expense for plant building/equipment $6,000 Purhcases of direct materials $92,000 Beginning direct materials inventory, Jan 1, 2013 $13,000 Ending work-in-process inventory, Dec 31, 2013 $9,000 Research and Development costs $48,000 Ending finished goods inventory, Dec 31, 2013 $18,000 Supplies (indirect) $3,000 Ending direct materials inventory, Dec 31, 2013 $11,000 Electricity costs (indirect) $5,000 Direct Manufacturing Labor $14,000 Sales revenues $2,55,000 Customer service expense $18,000