Kelley Company has the following information for the year ended December 31, 2024 (Click the icon to view the information.) Use the information to prepare a schedule of cost of goods manufactured and an income statement. Assume no indirect materials are used and all amounts are shown in millions. Begin by preparing a schedule of cost of goods manufactured Kelley Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 (in millions) Cost of Goods Manufactured Now prepare an income statement Kelley Company Income Statement Year Ended December 31, 2024) (in millions) Now prepare an income statement. Kelley Company Income Statement Year Ended December 31, 2024 (in millions) Cost of Goods Sold Gross Profit Net Income (Loss) pare a st ct e Data table Manufactured and ancome Statement. Assume no mollect materials are used and an all Beginning Ending 6 20 5 18 Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead; actual and allocated Direct Materials Used Print Done $ 237 56 54 16 35 X 13 Begin by preparing a schedule of cost of goods manufactured. Kelley Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 (in millions) O Beginning Work-in-Process Inventory Direct Labor Direct Materials Used Ending Work-in-Process Inventory Manufacturing Overhead Allocated Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for 13