pane dhe incoe statement for 2017 For the Year Ended December 31, 2017 (in thousands) 23,000 156,000 179,000 34,000 Beginning merchandise inventory 1/1/2017 Cost of goods purchased Cost of goods available for sale Ending merchandise inventory 12/31/2017 Cost of goods sold S 145,000 Requirement 2. Prepare the income statement for 2017 Milton Department Store Income Statement For the Year Ended December 31, 2017 (in thousands) All parts showing iw ntingLab Homework: Chapters 1 and 2 6of 9 (6 complete) coount balances (in thounand are for 201 the cost of godsso Data table 79 000 Marking daibution, and cuntomer service cootss 33.000 3,000 4000 6 000 4 000 56 000 2,000 9 000 Merchandse nvetary, Jaeary 1201 General and Mechandise Inventory, December 31, 2017 Purchase iscounts 6 000 290 500 5 6