Shown here are annual financial data at December 31, 2017, taken from two different companies 3 Music World Wave-Board Manufacturing Retail Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods $215,000 5 $300,000 210,000 points 577,000 60,000 170,000 Required: 1. Prepare the cost and Manufacturing Business goods sold section of the income statement at December 31, 2017, for each company in Merchandising Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement at December 31, 2017, for company in Merchandising Business Required: 1. Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Business and Manufacturing Business 3 Complete this question by entering your answers in the tabs below. points Merch Business Mfg Business Prepare the cost of goods sold section of the income statement at December 31, 2017, for company in Merchandising Business. MUSIC WORLD RETAL Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold Mig Business Required: 1. Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Business and Manufacturing Business. 3 Complete this question by entering your answers in the tabs below. points Merch Mfg Business Business Prepare the cost of goods sold section of the income statement at December 31, 2017, for company in Manufacturing Business. WAVE-BOARD MFG. Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold