Information for Ace Manufacturing, Inc. as of December 31 follow: Raw Materials Inventory, Jan 1 $ 78,000 Raw Materials Inventory, Dec 31 64,000 Work in Process Inventory, Jan 1 26,000 Work in Process Inventory, Dec 31 36,000 Finished Goods Inventory, Jan 1 100,000 Finished Goods Inventory, Dec 31 95,000 Raw materials purchases 190,000 Sales commissions 35,000 Depreciation of factory equipment 25,000 Direct labor 68,000 Factory maintenance 10,000 Depreciation of delivery vehicles 16,000 Factory building rent 24,000 Factory utilities 14,000 Interest expense 11,000 Factory insurance 15,000 Required: Prepare a Schedule of Cost of Goods Manufactured for the year ended December 31.