Pioneer Parts, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars):

Required Prepare an income statement with a supporting cost of goods sold statement.

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Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory. . $ 90 120 1,640 Information for the year: Administrative costs Direct labor.... Direct materials purchases Factory and machine depreciation $ 3,600 10,600 8,200 11,600 Factory supervision 2,100 Factory utilities. 900 Indirect factory labor 2,800 Indirect materials and supplies 700 Marketing costs 1,500 Property taxes on factory 280 Sales revenue 45,400