Cartier Custom Homes Inc manufactures and sells pre-fab homes. These homes are manufactured in a controlled environment to ensure a consistent and higher quality, which results in greater customer satisfaction. The company sells its homes online and through a network of independent sales agents. Onsite installation of the homes is done by independent contractors hired directly by Cartier's customers The following information was taken from Cartier's financial records for the year ended March 31, 2020: (in thousands of dollars) Administrative expenses $10,746 Cost of goods sold 1,656,731 Other expenses 1.771 Financing expenses 64,833 Dividend revenue 2.705 Income tax expense 169.425 Sales revenue 2,692.272 Rental of Equipment Wages Advertising Depreciation Architectural activities $106,429 $1,767 $0 $7,190 Research and development activities 5,726 6,241 1,113 Sales and marketing activities 2,602 0 3,652 480 Prepare a multi-step statement of income for the year ended March 31, 2020, that reports expenses by nature. (Enter amounts in thousands.) Cartier Custom Homes Inc. Statement of Income (in thousands of dollars) Prepare a multi-step statement of income for the year ended March 31, 2020, that reports expenses by function (Enter amounts in thousands.) Cartier Custom Homes Inc. Statement of Income (in thousands of dollars) C