East Ferry Tool & Die, a manufacturer of parts for agricultural equipment, provides the following financial information for the most recent fiscal year $($all costs are in thousands of dollars$)$:Required:a$.$ Prepare a cost of goods sold statement.b$.$ Prepare an income statement.Complete this question by entering your answers in the tabs below.COGS StmtIncome StmtPrepare a cost of goods sold statement.Note: Enter your answers in thousands of dollars $($i$.$e$.,234,000$ should be entered as $234).$East Ferry Tool & Die