Data table Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Beginning of 2020 End of 2020 21,000 23,000 26,000 24,000 11,000 22,000 76,000 Direct manufacturing labor Indirect manufacturing labor Plant insurance 20,000 15,000 8,000 Depreciation-plant, building, and equipment 16,000 Repairs and maintenance-plant 5,000 Marketing, distribution, and customer-service costs 99,000 General and administrative costs 28,000 indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured. Benesch Company Direct materials: Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2020 (in thousands) Direct materials used Direct manufacturing labor 2. Revenues for 2020 were $285 million. Prepare the income statement for 2020.