For Specific Date $ 15 10 70 Direct materials inventory, January 1, 2020 Work-in-process inventory, January 1, 2020 Finished goods inventory, January 1, 2020 Direct materials inventory, December 31, 2020 Work-in-process inventory, December 31, 2020 Finished goods inventory, December 31, 2020 20 5 55 For Year 2020 $ 325 100 Purchases of direct materials Direct manufacturing labor Depreciation-plant and equipment Plant supervisory salaries Miscellaneous plant overhead 80 6 5 35 Revenues 950 Marketing, distribution, and customer-service costs 240 Consider the following account balances (in thousands) for the Howell Company Click the icon to view the account balances) Total Indirect manufacturing costs Manufacturing costs incurred during 2017 Total manufacturing costs to account for Cost of goods manufactured Requirement 2. Revenues for 2017 were $270 million Prepare the income statement for 2017. (Use parentheses or a minus sign for operating losses) Howell Company Income Statement For the Year Ended December 31, 2017 in thousands) Cost of goods sold Cost of goods sold Operating costs Total operating costs Operating income (los) Choose from any list or enter any number in the input fields and then continue to the next