Standford Corporation has provided the following data for the month of February: 
Required:
a.Prepare a Schedule of Cost of Goods Manufactured in good form for February.
b.Prepare an Income Statement in good form for February.
Definitions:
Security Interests
A legal claim or right granted over an asset to secure the performance of an obligation, typically the repayment of a loan.
Foreclosure
The legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.
Mortgage Holder
An entity or individual who holds the lien on a property; typically, this is the lender in a mortgage agreement.
Mortgage Debt
The amount of money a borrower owes to a lender, secured by real property through a mortgage agreement.
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