Q2- Consider the following account balances for the Piedmont Corporation: 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 Begining of 2016 End of 2016 $ 600.000 65.000 34.000 83.000 72.000 123.000 102.000 128.000 106.000 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