The following items (in millions) pertain to Chester Corporation: Chester's manufacturing costing system uses a three-part classification of direct materials, direct manufacturing labor, and manufacturing overhead costs. For Specific Date Work-in-process inventory, Jan. 1, 2014 Direct materials inventory, Dec. 31, 2014 Finished goods inventory, Dec. 31, 2014 Accounts payable, Dec. 31, 2014 Accounts receivable, Jan. 1, 2014 Work-in-process inventory, Dec. 31, 2014 For Year 2014 $15 Plant utilities 9 Indirect manufacturing labor 19 Depreciation-plant and equipment 28 Revenues 57 Miscellaneous manufacturing overhead 7 Marketing, distribution, and $6 25 8 354 17 91 Finished goods inventory, Jan. 1, 2014 Accounts receivable, Dec. 31, 2014 Accounts payable, Jan. 1, 2014 Direct materials inventory, Jan. 1, 2014 43 30 40 39 Direct materials purchased Direct manufacturing labor Plant supplies used Property taxes on plant 82 41 5 3 Required: Prepare an income statement and a supporting schedule of cost of goods manufactured. (For additional questions regarding these facts, see the next problem.)