Alexander aluminium Company manufacturer of recyclable soda cans,had the following inventory balances at the beginning and at the end of 20*1

Alexander aluminum Company manufacturer of recyclable soda cans, had the following inventory balances at the beginning and at the end of 20*1 Inventory Classification, January 1 Classification December 31st Raw Material  $                          60,000.00  $                                   70,000.00 Work in Process  $                       1,20,000.00  $                               1,15,000.00 Finished Goods  $                       1,40,000.00  $                               1,65,000.00 During 20*1 the Company purchased $240000 of raw material and spend $400000 on direct labor Manufacturing overhead cost are as follows:- Indirect Material  $                          10,000.00 Indirect Labor  $                          24,000.00 Depreciation on Plant and Equipment  $                       1,00,000.00 Utilities  $                          25,000.00 Other  $                          30,000.00 Sales revenue was $1113000 for the year. Selling and administrative expense for the year $110000. The firms tax rate is 40% Required: 1) Prepare a schedule of cost of goods manufactured. 2) Prepare a schedule of cost of goods sold. 3) Income Statement 4) Reconstruct the cost of goods sold and income statement when Direct Labor=$390000 and utilities=$35000.