Part One: In 2015, Pricilla Conway opened Pricilla's Posies, a small retail shop selling floral arrangements. (Click the icon to view the records.) Read the requirement (Part One). Part Two: Pricilla's Posies was so successful that Pricilla decided to manufacture her own brand of floral supplies: Floral Sea Manufacturing. (Click the icon to view the records.) Read the requirements (Part Two). Part Three: Show the ending inventories that would appear on these balance sheets: (Click the icon to view additional information.) Part One: Begin by calculating the cost of goods sold for the year. Pricilla's Posies Calculation of Cost of Goods Sold Plus: Less: For the Year Ended December 31, 2016 Requirement (Part One) Prepare an income statement for Pricilla's Posies, a merchandiser, for the year ended December 31, 2016. Requirements (Part Two) 1. Calculate the Cost of Goods Manufactured for Floral Sea Manufacturing for the year ended December 31, 2017. More Info 2. Prepare an income statement for Floral Sea 1. Pricilla's Posies at December 31, 2016 Manufacturing for the year ended December 31, 2017. 2. Floral Sea Manufacturing at December 31, 2017 3. How does the format of the income statement for Floral Sea Manufacturing differ from the income statement of Pricilla's Posies? Print Done Print Done