Data Table . Beginning of 2017 End of 2017 23,000 27,000 13,000 McKnight Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation--plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs 28,000 26,000 21,000 79,000 24,000 18,000 7,000 15,000 2,000 96,000 29,000 Print Done Consider the following account balances in thousands) for the McKnight Company Requirements !!! (Click the icon to view the account balances) 1. Prepare a schedule for the cost of goods manufactured for 2017 2. Revents for 2017 were $310 million Prepare the income statement for 2017 Requirement 2. Revenues for 2017 were $310 million Prepare the income statement for 2017. (Use parentheses or a minus sign for operating losses) McKnight Company Income Statement For the Year Ended December 31, 2017 (in thousands) Cost of goods sold Cost of goods sold Operating costs O Consider the following account balances in thousands) for the McKnight Company Click the icon to view the account balances) Requirements 1. Pre schedule for the cost of goods metused 2017 2. Rem for 2017 were $350 million the income 2017 Cost of goods sold Cost of goods sold Operating costs Total operating costs Operating income