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Need help with the rest The Marshall Company is a large manufacturer of office furniture. The company has recently adopted lean accounting and has identified

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The 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 $305 and $410 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: 18,500 $16,500 Materials 143,000 106,500 Labor Equipment-related costs 46,500 66,800 Occupancy costs 12,350 14,600 In addition to the traceable operating costs, the company had manufacturing costs of $216,750,000 and selling and administrative costs of $35 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 and has calculated the fixed cost of prior period inventory that is included in the current income statement to be $7 million for the office chair stream and $22 million for the office table stream. Required: Prepare the value-stream income statement for Marshall Company. (Enter your answers in thousands of dollars.)

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