last one under utility costs is wood

Salaries and wages (for administrative and sales staff) .$36,500 Stain (used in manufacturing furniture) .$10,000 Indirect labor costs (wages of maintenance workers in factory) Other manufacturing overhead (includes factory insurance and property taxes) $,9,300 Rent and utilities (for administrative offices) ..$12,100 Labor costs (wages of carpenters who build furniture) .$34,500 Marketing costs Wood (used in manufacturing furniture) ..57,500 Sales revenues $250,000 Accounts payable 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 Requiroment 1, 2, 3, and 4. To solve for the amounts required, prepare the income staternent for Backyard Living for the year ended December 31. Enrtho Vaar Ended namaml