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2-33 Cost of goods manufactured, income statement, manufacturing company. Consider the following account balances (in thousands) for the Shaler Corporation: Beginning of End of Shaler Corporation 2014 2014 Direct materials inventory 130,000 68.000 Work-in-process inventory 166,000 144,000 Finished goods inventory 246,000 204,000 Purchases of direct materials 256,000 Direct manufacturing labor 212,000 Indirect manufacturing labor 96,000 Indirect materials 28,000 Plant insurance 4,000 Depreciation-plant, building, and equipment 42.000 Plant utilities 24,000 Repairs and maintenance-plant 16,000 Equipment leasing costs 64,000 Marketing, distribution, and customer-service costs 124,000 General and administrative costs 68,000 1. Prepare a schedule for the cost of goods manufactured for 2014. Required 2. Revenues (in thousands) for 2014 were $1,200,000. Prepare the income statement for 2014