i Data Table - For Specific Date Direct materials inventory, Jan. 1, 2017 $ 19 Work-in-process inventory, Jan. 1, 2017 14 Finished goods inventory, Jan. 1, 2017 73 Direct materials inventory, Dec. 31, 2017 26 Work-in-process inventory, Dec. 31, 2017 7 Finished goods inventory, Dec. 31, 2017 54 For Year 2017 Purchases of direct materials $ 340 Direct manufacturing labor 125 Depreciation-plant and equipment 65 Plant supervisory salaries 7 Miscellaneous plant overhead 34 Revenues 970 Marketing, distribution, and customer-service costs 220 Plant supplies used 14 Plant utilities 36 Indirect manufacturing labor 72 The Rouse Corporation has the following account balances in milions Click the icon to view the count balance) Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017 Begin by preparing the schedule of cost of goods manufactured in millions). Start in the direct materials and labor costs, then indirect manufacturing costs, and finally complete the schedule by calculating the cost of goods manufactured Rouse Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in milions) Direct marco Beginning work in process ventoryJan 1, 2017 Direct materials used Direct manufacturing labor costs Indirect manufacturing costs Total indirect manufacturing costs Minuturing conduting 2017 Tomang costs to account for Costa Now prepare the income statement for Route Corporation on minus prostor operating 1006) Rouse Corporation Income Statement For the Year Ended December 31, 2017 (in millions) Cost of goods sold Cost of goods sold Operating income (los)