Q2- Consider the following account balances for the Piedmont Corporation: Begining of 2016 65.000 83.000 123.000 Piedmont Corporation Revenues Direct materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Indirect materials Plant insurance Depreciation-plant, buliding and equipment Plant utilities Repairs and maintenance-plant Equipment leasing cost Marketing, distribution and customer service cost General and administrative costs End of 2016 $ 600.000 34.000 72.000 102.000 128.000 106.000 48.000 14.000 2.000 21.000 12.000 8.000 32.000 62.000 34.000 Requirements: Prepare an income statement with a separate supporting schedule of cost of goods manufactured