An Introduction to Cast Terms and Purposes Cost of goods manufactured, income statement, manufacturing company Consider the following account balances for the Carolina Corporation Carolina Corporation Direct materials inventory Work-in-pocess inventory Finished goods inventory Purchases of direct materials Direct mufacturing labor Indirect manufacturing labor Planince Depreciation plant building, and equipment Plautic Repairs and maintenance-pla Production equipment leasing coods Marketing, distribution, and customer-service costs General and administrative co Reve Beginning of 2017 Free work cells Arcell End of 2017 136,400 76,650 190,300 152,250 264,000 216,300 275,100 227,850 101.X50 9,450 47.250 27,300 12,600 68.250 131.250 74.550 1,365.000 Answer cells demain in the same lacation so da se insen delete slumas rows in the file Namericanowe masticate afla ce so do not harder the ant 1. Prepare a schedule for the cast of goods manufactured in 2017, Carolina Corporation Schedule of Cast of Goods Manufactured Year Ended December 31, 2017 Direct materials co Direct materials used Direct manufacturing labor costs Manufacturing overhead cost Total manufacturing.cad.c Manufacturing costs incurred during 2017 Bezinning Work-i pietry Total manufacturing costs to account for ITMC incurred Beginning WIP) Enline Werk in ro Cost of goods mufactured 2. Prepare the income statement for 2017. Carolina Corporation Income Statement Year Ended December 31, 2017 Cost of goods sold Cost of goods sold Gorg Operating Costs Total operating costs Operating income (loss)