\begin{tabular}{lrr} \hline Inventory balances: & Beginning & Ending \\ \hline Work-in-Process & 9 & 13 \\ Finished Goods & 7 & 12 \\ \hline Other information: & $ & \\ \hline Sales Revenue & 269 \\ Selling and Administrative Expenses & 72 \\ Direct Labor & 45 \\ Manufacturing Overhead; actual and allocated & 16 \\ Direct Materials Used & 45 \\ \hline \end{tabular} Begin by preparing a schedule of cost of goods manufactured. Turner Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 (in millions) Cost of Goods Manufactured Now prepare an income statement. Turner Company Income Statement Year Ended December 31, 2024 (in millions) Cost of Goods Sold Gross Profit Net Income (Loss)