1 Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account Information for last year (all costs are in thousands of dollars) 81 116 1,690 $ 3,600 12,400 8,250 11,590 765 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the year: Administrative costs Direct labor > Direct materials purchases Factory and machine depreciation Factory supervision Factory utilities Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on factory Sales revenue Information on December 31 (Ending): Direct materials inventory Work-in-process inventory Finished goods inventory 2,870 684 1,480 295 45,600 $ 92 137 1,470 Required: 1. Prepare a cost of goods sold statement 2. Prepare an income statement Complete this question by entering your answers in the tabs below. COGS Stmt Income Strnt Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars (ie, 234,000 should be entered as 234).) YOLO WINDOWS Statement of Cost of Godds Sold For the Year Ended December 31 (5000) Manufacturing costs Direct materials