Prepare an income statement

\begin{tabular}{c} Schedule of Cost of Goods Manufactured \\ Year Ended December 31, 2024 \\ (in millions) \end{tabular} Beginning Work-in-Process Inventory Direct Materials Used Now prepare an income statement. Data table terials are used and all amounts are shown in millions. \begin{tabular}{l} Year Ended December 31, 2024 \\ (in millions) \\ \hline Sales Revenue \\ \hline Beginning Finished Goods Inventory \\ Cost of Goods Manufactured \\ Cost of Goods Sold \\ Gross Profit \\ \hline Selling and Administrative Expenses \\ Net Income (Loss) \end{tabular}