Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods Required: Retail Manufacturing $ 145,000 $ 280,000 270,000 593,000 170,000 260,000 Prepare the cost of goods sold section of the income statement for each company. Complete this question by entering your answers in the tabs below. Merchandising Manufacturing Business Business Prepare the cost of goods sold section of the income statement for the Merchandising Business. Cost of goods sold Cost of Goods Sold for the Year Finished goods inventory, beginning Goods available for sale Cost of goods sold 0 $ 0 Manufacturing Business > < Merchandising Business