2-32 Cost of finished goods manufactured, income statement, manufacturing company. Consider the fol- lowing account balances (in thousands) for the Canseco Company: Data Review View B Beginning of 2011 $22,000 21,000 18,000 Home Insert Page Layout Formulas A 1 Canseco Company 2 3 Direct materials inventory 4 Work-in-process inventory 5 Finished goods inventory 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 Required 1. Prepare a schedule for the cost of goods manufactured for 2011. 2. Revenues for 2011 were $300 million. Prepare the income statement for 2011