The following information pertains to Parker Company for the year. All amounts in millions.

$16.$ Determine the cost of goods manufactured for the year by preparing a schedule of cost of goods manufactured.

Parker Company

Schedule of Cost of Goods Manufactured

Year Ended December $31,20$XX

$($in millions$)$

$17.$ Determine the cost of goods sold and gross profit for the year by preparing a partial income statement.

Parker Company

Income Statement $($Partial$)$

Year Ended December $31,20$XX

$($in millions$)$

Data table

$\backslash$table$[[$Finished Goods Inventory,$],[$Beg$.$ Bal.,$40,],[$Cost of Goods Manufactured,???,??? Cost of Goods Sold$],[$Bal$.,95,]]$

Sales Revenue

$780$Bal.