Backyard Amenities is a manufaclurer of backyard and deck furnilure. Ils producls are in high demand and it carries no inventory. Following is a list of selected account balances from ils trial balance for the most recent year endeci December 31 (in no parlicular order.) (Click the icon to view the December 31 account balances.) Read the requirements Requirement 1, 2, 3, and 4. To solve for the announts required, prepare the income slalement for Backyard Arnenities for the year ended December 31. Backyard Amenities Income Statement For the Year Ended December 31 Less Choose from any list or enter any number in the input fields and then click Check Answer. 1 December 31 Account Balances A A Salaries and wages (for administrative and.sales staff). ....... Stain.(used. in.manufacturing.furniture)... ........... Indirect.labor costs.(wages of maintenance. workers.in.factory) ............... $ Other manufacturing overhead (includes.factory.insurance and property.taxes) .. $ Rent and utilities.(for. administrative offices). ............ Utility costs. (related to factory). .................. Labor costs.(wages. of. carpenters.who.build furniture).... Accounts.receivable ...... Marketing.costs Wood (used in manufacturing furniture). Sales revenues .... Accounts payable..... 38,100 14,500 23,700 11,300 13,200 12,100 33,700 31,200 15,200 59,100 267,000 8,200 A A A A A Print [Done] Print Done A Requirements Using the income statement accounts in the table, calculate: 1. Cost of goods sold. Hint: Cost of goods sold can be calculated by summing the total product costs since there is no inventory. 2. Operating expenses. Hint: Operating expenses are the company's period costs. 3. Gross profit 4. Operating income Print Print [ Done Done