Consider the following account balances (in thousands) for the Canseco companies:

	Beginning	Ending
Direct materials inventory	$500,000	$875,000
Work-in-process inventory	125,000	250,000
Finished-goods inventory	250,000	625,000
Purchases of direct materials		1,250,000
Direct manufacturing labor		1,625,000
Indirect manufacturing labor		150,000
Plant insurance		65,000
Depreciationplant, building, and equipment		185,000
Plant utilities		105,000
Repairs and maintenanceplant		95,000
Equipment leasing costs		352,500
Miscellaneous Plant Costs		35,000
Plant Utilities		75,000
Marketing, distribution, and customer-service costs		575,000
General and administrative costs		425,000

1. Prepare a schedule for the cost of goods manufactured for 2018.
2. Revenues (in thousands) for 2018 were $7,500,000. Prepare the income statement for 2018