The Powell 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, 2013.

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For Specific Date Direct materials, January 1, 2013 Work in process, January 1, 2013 Finished goods, January 1, 2013 S15 10 70 For Year 2013 Purchases of direct materials Direct manufacturing labour Amortization-plant building S 390 120 and equipment Plant supervisory salaries Miscellaneous plant overhead 96 Direct materials, December 31, 2013 Work in process, December 31, 2013 Finished goods, December 31, 2013 20 42 1,140 evenues Marketing, distribution, and customer-service costs Plant supplies used Plant utilities Indirect manufacturing labour 288 12 36 60