2. Consider the following account balances (in thousands) for the Canseco Company: Home Insert Page Layout Formules Data Review View A B 1 Canseco Company Beginning of 2 2011 3. Direct materials inventory $22.000 4 Work-in-process inventory 21,000 5 Finished goods inventory 18.000 6 Purchases of direct materials 7 Direct manufacturing labor 8 Indirect manufacturing labor 9 Plant insurance 10 Depreciation-plant, building, and equipment 11 Repairs and maintenance-plant 12 Marketing, distribution, and customer-service costs 13 General and administrative costs End of 2011 $26,000 20.000 23,000 75,000 25,000 15.000 9,000 11,000 4,000 93.000 29,000 a. Prepare a schedule for the cost of goods manufactured for 2011. b. Revenues for 2011 were $300 million. Prepare the income statement for 2011