Shown here are annual financial data at December 31, 2017, taken from two different companies Wave-Board Manufacturing Music World Retail $165,000 330,000 Beginning inventory Merchandise Finished goods $380,000 Cost of purchases Cost of goods manufactured 581,000 Ending inventory Merchandise Finished goods 200,000 190,000 Required 1. Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Business and Manufacturing Business