The following information pertains to Petersen Company for $2025.$ All amounts in millions.

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

Petersen Company

Income Statement $($Partial$)$

Year Ended December $31,2025$

$($in millions$)$

Cost of Goods Sold

Gross Profit

Information

$\backslash$table$[[$Finished Goods Inventory,,$],[$Beg Bal,$87,],[$Cost of Goods Manufactured,$232,???$ Cost of Goods Sold$],[$Bal$,42,]]$

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