Requirement 2. Prepare an income statement for Floral World Manufacturing for the year ended December 31, 2017 Begin by calculating the cost of goods sold for the year. (For accounts with a $0 balance, make sure to enter "0" in the appropr Floral World Manufacturing Calculation of Cost of Goods Sold For the Year Ended December 31, 2017 Plus: Less: At the end of December 2017, her accounting records show the following: Utilities for plant 4,400 3,200 Delivery expense Sales salaries expense 4,100 Plant janitorial services KIMILIKIRIMLIK 950 $ 4,500 Work in process inventory, December 31, 2017 Finished goods inventory, December 31, 2016 3,000 Finished goods inventory, December 31, 2017 | Sales revenue $ Customer service hotline expense ............$ Direct labor . Direct material purchases $ 101,000 1,200 29,000 40,000 9,200 19,000 11,000 Rent on manufacturing plant Raw materials inventory, December 31, 2016 Raw materials inventory, December 31, 2017 Work in process inventory, December 31, 2016