Navaria Inc. manufactures and sells chair lift mobility aids. These are chairlift systems designed for inhome use to aid persons with mobility challenges. The company sells its systems online and through a network of independent sales agents. Installation of the systems is done by independent contractors hired directly by Navaria's customers. The following information was taken from Navaria's financial records for the year ended June 30, 2020: (in thousands of dollars) Administrative expenses Cost of goods sold Other expenses Financing expenses Interest revenue $9,462 79,395 642 826 630 Income tax expense 4,966 Sales revenue 119,353 Rental of Equipment $71 Wages $1,915 772 Advertising $0 Engineering activities Research and development activities Sales and marketing activities Depreciation $522 128 34 0 3,617 0 5,832 24 Prepare a multi-step statement of income for the year ended June 30, 2020 that reports expenses by function. (Enter amounts in thousands.) Prepare a multi-step statement of income for the year ended June 30, 2020 that reports expenses by nature. (Enter amounts in thousands.)