Consider the following account balances (in thousands) for the Dubai Co. during 2020 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials End of 2019 End of 2020 $ 25,000 $15,000 10,000 20,000 35.000 30,000 75,000 Direct manufacturing labor 50,000 Indirect manufacturing labor 8,000 Plant Insurance 7.000 Depreciation plant and building, and equipment 10,000 Repairs and maintenance -- plant 5,000 Marketing, distribution, and customer-service 48,000 costs General and administrative costs Sales Revenues 32,000 $250,000 Required: 1. Prepare a schedule to determine the cost of goods Sold for 2020 2. Prepare the multi stage income statement for 2020.