The Howell Corporation has the following account balances (in millions):

Required
Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017. (For additional questions regarding these facts, see the next problem.)

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For Specific Date For Year 2017 Direct materials inventory, Jan. 1,2017 S15 Work-in-process inventory, Jan. 1,2017 10 Finished goods inventory, Jan. 1, 2017 Direct materials inventory, Dec. 31, 2017 20 Work-in-process inventory, Dec. 31,2017 5 Finished goods inventory, Dec. 31,201755 Purchases of direct materials Direct manufacturing labor Depreciationplant and equipment80 Plant supervisory salaries Miscellaneous plant overhead Revenues Marketing, distribution, and S325 100 70 35 950 240 customer-service costs Plant supplies used Plant utilities Indirect manufacturing labor 10 30 60