Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified two value streams-office chairs and office tables. Total sales in the most recent period for the two streams are $260 and $325 million respectively In the most recent accounting period, Marshall had the following operating costs, which were traced to the two value streams as follows (in thousands): Chairs Tables Operating costs: Materials $16,800 14,800 126,000 44,800 11,500 98,000 63,400 12,900 Labor Equipment-related costs ancy costs In addition to the traceable operating costs, the company had manufacturing costs of $131.750 million, and selling and administrative costs of $30 million that could not be traced to either value stream. Due to the implementation of lean methods, the firm has been able to reduce inventory in both value streams significantly. Marshall has calculated the fixed cost of prior period inventory that is included in the current income statement to be $7.0 million for the office chair stream and $21.0 million for the office table stream. Required: Prepare, in good form (i.e., using Exhibit 1717 as a guide), the value-stream income statement for Marshall Company. (Enter your answers in thousands of dollars.) MARSHALL COMPANY Value-Stream Income Statement (000s) Total Office Chairs Office Tables Sales 0 Operating costs: Equipment-related costs Prepare, in good form (i.e., using Exhibit 1717 as a guide), the value-stream income statement for Marshall Company. (Enter your answers in thousands of dollars.) MARSHALL COMPANY Value-Stream Income Statement (000s) Office Chairs Office Tables Total $ Sales 0 Operating costs: $ Total operating costs 0 0 0 Value-stream profit before inventory change 0 0 $ Value-stream profit 0 0 Less: Nontraceable costs Total nontraceable fixed costs 0 Operating income $ 0 Prepare, in good form (i.e., using Exhibit 1717 as a guide), the value-stream income statement for Marshall Company. (Enter your answers in thousands of dollars.) MARSHALL COMPANY Value-Stream Income Statement (000s) Office Chairs Office Tables Total Sales 0 Operating costs Equipment-related costs Labor Manufacturing Material 0 0 0 Occupancy costs 10 Selling and administration Value-stream profit 0$ 0 0 Less: Nontraceable costs $ Total nontraceable fixed costs 0 Operating income 0