The following information pertains to Prana Company for the year. All amounts in millions (Click the icon to view the information) 16. Determine the cost of goods manufactured for the year by preparing a schedule of cost of goods manufactured. 17. Determine the cost of goods sold and gross profit for the year by preparing a partial income statement. Cost of Goods Manufactured 17. Determine the cost of goods sold and gross profit for the year by preparing a partial income statement. Prana Company Income Statement (Partial) Year Ended December 31, 20XX (in millions) Beg. Bal. Direct Materials Direct Labor Manufacturing Overhead Bal Beg. Bal. Cost of Goods Manufactured Bal. Work-in-Process Inventory LO 5 ??? Cost of Goods Manufactured 160 250 110 201 Finished Goods Inventory 20 ??? ??? Cost of Goods Sold 125 Sales Revenue 740 Bal. Print Done