Backyard Style is a manufacturer of backyard and deck furniture. Its products are in high h. 2 Question 6, E2-26A (similar to) HW Score: 55.81%, 5.02 of 9 points Points: 0 of 1 Save (Click the icon to view the December 31 account balances.) Less: 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 Less: Lusi oi goous soia Backyard Style 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 31 (in no particular order.) (Click the icon to view the December 31 account balances.) Read the requirements. Reguirement 1,2,3, and 4 . To solve for the amounts required, prepare the income statement for Backyard Style for the year ended December 31. December 31 Account Balances (Click the icon to view the December 31 account balances.) December 31 Account Balances