3 East Ferry Tool & Die, a manufacturer of parts for agricultural equipment, provides the following financial information for the most recent fiscal year (all costs are in thousands of dollars): 50 points Skipped eBook Print Inventories As of January 11 Direct materials Work-in-process Finished goods As of December 311 Direct materials Work-in-process Finished goods Other amounts (for the year)1 Administrative costs Direct labor Direct material purchases Indirect plant labor Indirect plant supplies Machine depreciation Marketing costs Plant depreciation. Plant supervision Plant utilities References (5000) $107 1161 6804 $ 114 109 703 2,140 4,146 5,274 2,158 712 4,551 1,044 1,295 1,016 693 3411 26,234 Property taxes on plant and equipment Sales revenue. Required: a. Prepare a cost of goods sold statement. b. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare an income statement.. Note: Enter your answers in thousands of dollars (ie., 234,000 should be entered as 234) 3 Det 1 H - O 0 J K B N M J - 26 com ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIM Homework 2-2 3 50 points Required: a. Prepare a cost of goods sold statement. b. Prepare an income statement. Saved Complete this question by entering your answers in the tabs below. Skipped eBook Print COGS Stmt Inconle Stmt Prepare an income statement. Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234). East Ferry Tool & Die Income Statement For the Year Ended December 31 (5000) References Total marketing and administrative costs 0