Shown here are annual financial data for a merchandising company and a manufacturing company. Required: 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. Prepare the cost of goods sold section of the income statement for the Merchandising Business. Shown here are annual financial data for a merchandising company and a manufacturing company. Required: 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. Prepare the cost of goods sold section of the income statement for the Manufacturing Business