1. Prepare a cost of goods manufactured and sold statement.

2. Prepare an income statement.

Problem 2-74 (Algo) Reconstruct Flnanclal Statements (LO 2-1, 6) Westlake, Inc. produces metal fittings for the aerospace industry. The administrative and manufacturing operations occupy the same 200,000 square foot building. The manufacturing plant uses 150,000 square feet. Depreciation is assigned based on building use. Indirect labor represents 15 percent of the total manufacturing plant labor. The financial information for the year just ended is shown as follows. Required: 1. Prepare a cost of goods manufactured and sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a cost of goods manufactured and sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).) Problem 2-74 (Algo) Reconstruct Flnanclal Statements (LO 2-1, 6) Westlake, Inc. produces metal fittings for the aerospace industry. The administrative and manufacturing operations occupy the same 200,000 square foot building. The manufacturing plant uses 150,000 square feet. Depreciation is assigned based on building use. Indirect labor represents 15 percent of the total manufacturing plant labor. The financial information for the year just ended is shown as follows. Required: 1. Prepare a cost of goods manufactured and sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. Prepare a cost of goods manufactured and sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).)