Consider the following account balances in thousands for the Peterson Company Clok the icon to view the count balances) Requirements 1. Prepare a schedule for the cost of good manufactured for 2017 2. Revenues for 2017 were $10 million. Prepare the income woment for 2017 the schedule by calculating cost of goede mandatured Requirement 1. Prepare a schedule for the cost of goods malactured for 2017 Begin by preparing the schedule of cost of goods manufactured in thousands). Start with the direct materials and labor costs, the indirect manufacturing costs, and come Peterson Company Schedule of Cost of Goods Manufactured Data Table For the Year Ended December 31, 2017 in thousands) Beginning of End of 25.000 20,000 13.000 Direct materials used Direct manufacturing labor Indirect manufacturing con 20.000 14.000 Peterson Company Director inventory Work in process inventory Finished goods inventory Purchases of direct mais Direct a cturing labor Indirect mandacturing labor Plantino Depreciation-pant, building, and equipment Repairs and mananceplant Marketing dibution, and customer service out General and administrative coats 11.000 Total Indirect manufacturing costs $1,000 24,000 Mannar 2017 Choose from any list or enter any number in the input folds and then continue to the next question Consider the following account balances (in thousands) for the Peterson Company Click the icon to view the account balances) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2017 2. Revenues for 2017 were $310 milion. Prepare the income statement for 2017 Cost of goods manufactured Requirement 2. Revenues for 2017 were $310 milion. Prepare the income statement for 2017. (Use parentheses or a minus Peterson Company Income Statement For the Year Ended December 31, 2017 in thousands) for operating s ) Cost of goods sold: Cost of goods sold Operating costs: Total operating costs Operating income/loss) Microsoft PowerPoint