Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job Interview as a summer Intern at Mesa, the cost accountant provides you with the following (fictitious) data for the year (in $000). Inventory information: Direct materials Work-in-process Finished goods 12/31/00 58 1/1/00 $ 51 $ 79 71 990 1,016 Other information: Administrative costs Depreciation (Factory) Depreciation (Machines) Direct labor Direct materials purchased Indirect labor (Factory) For the year '00 $ 2,400 2,930 4,650 6,800 5,180 1,700 Indirect materials (Factory) 510 Property taxes (Factory) 200 Selling costs 1,100 Sales revenue 31,610 Utilities (Factory) 560 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an Income statement. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).) Manufacturing costs: Direct materials: Manufacturing overhead: MESA DESIGNS Statement of Cost of Goods Sold For the Year Ended December 31 ($000) Total manufacturing overhead Total manufacturing costs Total cost of work-in-process during the year Costs of goods manufactured during the year Cost of goods sold 0 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an Income statement. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare an income statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).) MESA DESIGNS Income Statement For the Year Ended December 31 ($000) Total selling and administrative costs 0