Kelley Company has the following information for the year ended December 31, 2018. (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. Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account for Ending Work-in-Process Inventory Cost of Goods Manufactured Now prepare an income statement. Kelley Company Cost of Goods Sold Gross Profit Net Income (Loss) Income Statement Year Ended December 31, 2018 (in millions) 97 106 Data Table (18) $ 88 Inventory balances: Beginning Ending 9 18 13 14 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 $ 420 62 24 25 48