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 1/1/00 $ 64 92 1,003 12/31/00 $ 71 84 1,829 Other information: Administrative costs Depreciation (Factory) Depreciation (Machines) Direct labor Direct materials purchased Indirect labor (Factory) Indirect materials (Factory) Property taxes (Factory) Selling costs Sales revenue Utilities (Factory) For the year '00 $ 3,700 3,580 4,789 8,100 5,310 1,83e 640 265 1,230 38, 110 690 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement MESA DESIGNS Statement of Cost of Goods Sold For the Year Ended December 31 ($000) Manufacturing costs: Direct materials: Manufacturing overhead: 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 MESA DESIGNS Income Statement For the Year Ended December 31 ($000) Total selling and administrative costs