Backyard Amenities BackyardAmenities is a manufacturer of backyard and deck furniture. Its products are in high demand and it carries no inventory. Following is a list of selected account balances from its trial balance for the most recent year ended December . Requirement1, 2,3, and 4. To solve for the amountsrequired, prepare the income statement for Backyard Amenities Salaries and wages (for administrative and sales staff) . . . . . . . . . . . . . . . . . . . . . . $ 38,100 Stain (used in manufacturing furniture) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,500 Indirect labor costs (wages of maintenance workers in factory) . . . . . . . . . . . . . . . $ 23,700 Other manufacturing overhead (includes factory insurance and property taxes) . . $ 11,300 Rent and utilities (for administrative offices) . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,200 Utility costs (related to factory) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,100 Labor costs (wages of carpenters who build furniture) . . . . . . . . . . . . . . . . . . . . $ 33,700 Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 31,200 Marketing costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15,200 Wood (used in manufacturing furniture) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59,100 Sales revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 267,000 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,200 Backyard Amenities Income Statement For the Year Ended December 31 Sales revenue Less: Cost of goods sold Indirect labor costs Stain Salaries and wages Other manufacturing overhead Rent and utilities Labor costs Less