Shown here are annual financial data for a merchandising compary 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. \begin{tabular}{|l|} \hline Cost of Goods Sold for the Year \\ \hline Cost of goods sold \\ \hline Goods available for sale \\ \hline Cost of goods sold \\ \hline \end{tabular}