2 Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job interview as a summer intern at Mesa, the cost accountant provides you with the following (fictitious) data for the year (in $000). Inventory Information Direct materials 61 $ Work in process Finished goods 1,000 1,026 $ 89 275 points eBook For the year $ 3.430 4,750 3.480 Other information: Administrative costs Depreciation (Factory) Depreciation Machines) Direct laber Direct materials purchased Indirect labor (Factory) Indirect materials (Factory) Property taxes (Factory) Selling costs Sales revenue utilities (factory) 250 1,200 36,610 60 Required: 1. Prepare a cost of goods sold statement 2. Prepare an income statement MESA DESIGNS Statement of Cost of Goods Sold For the Year Ended December 31 (5000) Manufacturing costs: Direct materials: Manufacturing overhead: 0 Total manufacturing overhead Total manufacturing costs Total cost of work-in-process during the year Costs of goods manufactured during the year Cost of goods sold COGSS Income Stmt> MESA DESIGNS Income Statement $ $ 36,610 $ 1,200 For the Year Ended December 31 ($000) Sales revenue Less: Cost of goods sold Gross margin Selling costs Depreciation (Machines) Administrative costs Total selling and administrative costs Operating profit 0