Shown here are annual financial data for a merchandising company and a manufacturing company.

Requlred:

Prepare the cost of goods sold section of the income statement for each company.

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[\backslash$table$[[$Merchandising$],[$Business$]],\backslash$table$[[$Manufacturing$],[$Business$]]]]$

Prepare the cost of goods sold section of the income statement for the Merchandising Business.

$\backslash$table$[[$Cost of Goods Sold for the Year$],[$Cost of goods sold,$],[,],[$Goods avalable for sale,$],[,],[$Cost of goods sold,$]]$