5932 Exit Submit Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars). Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the years Administrative costa Direct labor Factory and machine depreciation 89 113 1,620 $ 3,620 12,050 Direct materials purchases ,270 11,630 Tactory supervision 750 Factory utilities 938 Indirect factory labor 2,940 Indirect materials and supplies 675 Marketing costs 1,520 Property taxes on factory 298 Sales revenue 45,600 Information on December 31 (Ending) Direct materials inventory Work-in-process inventory 96 137 Finished goods inventory 1,500 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 Stmt Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the year: Administrative costs 9:20 Direct labor Direct materials purchases $ 89 113 1,620 $ 3,620 12,050 Factory and machine depreciation Factory supervision Factory utilities Indirect factory labor 8,270 11,630 750 938 2,940 Indirect materials and supplies 675 Marketing costs 1,520 Sales revenue Property taxes on factory Information on December 31 (Ending): Direct materials inventory Work-in-process inventory 298 45,600 96 137 Finished goods inventory 1,500 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement