1. Cost of goods manufactured, income statement, manufacturing company. Consider the following account balances (in thousands) for the Carolina Corporation: Carolina Corporation Beginning of 2017 End of 2017 124,000 73,000 Direct materials inventory Work-in-process inventory 145,000 173,000 Finished-goods inventory 206.000 240.000 Purchases of direct materials 262,000 Direct manufacturing labor 217,000 indirect manufacturing labor 97.000 Plant insurance 9,000 Depreciation-plant, building, and equipment 45,000 Plant utilities 26,000 Repairs and maintenance plant 12,000 Equipment leasing costsplant 65,000 Marketing, distribution, and customer service costs 125.000 General and administrative costs 71.000 Required (28 points) Prepare a schedule for the cost of goods manufactured for 2017