1,2,3 saved Help Sa Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars) 114 1.050 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 suplirvision 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 $3,020 12,450 3,240 11,540 760 964 .890 678 1,550 271 45,400 $ 96 139 1,480 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement.