hown here are annual financial data at December 31, 2017, taken from two different companies Music World Wave-Board Retail Manufacturing Beginning inventory Merchandise $195,000 Finished goods $270,000 Cost of purchases 230,000 Cost of goods manufactured 586,000 Ending inventory Merchandise 60.000 Finished 90005 230,000 Required: Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Busbess and Manufacturing Business Complete the question by entering your answers in the tabs below. Migues Precertection of the income statement et December 31, 2017, for company in Merchandising Shown here are annual financial data at December 31, 2017, taken from two different companies. Music World Wave-Board Retail Manufacturing Beginning inventory Merchandise $195,000 Finished goods $270,000 Cost of purchases 230,000 Cost of goods manufactured 586.800 Ending inventory Merchandise 60,000 Finished goods 230,000 Required: 1. Prepare the cost of goods sold section of the income statement of December 31, 2017 for each company in Merchandising Business and Manufacturing Business Complete this question by entering your answers in the tabs below. Meron Mightiess are the cost of goods sold vection of the income statement of December 31, 2017, for company in Maracturing WAVEBOARD