Shown here are annual financial data for a merchandising company and a manufacturing company. Music World Retail Wave-Board Manufacturing Beginning inventory Merchandise $ 205,000 Finished goods $ 390,000 3 Cost of merchandise purchased 270,000 Cost of goods manufactured Ending inventory 587,000 Merchandise Finished goods Required: 140,000 160,000 Prepare the cost of goods sold section of the income statement for each company.