Norwood Stationary has provided the following information (in thousands of dollars) for October. ($000) Administrative costs Commissions Marketing Merchandise inventory, October 1 $ 16.9 58.6 11.4 16.8 Merchandise inventory, October 31 Merchandise purchases 20.7 291.9 Rent and utilities Sales revenue 24.1 532.1 Support fok local youth activities 3.5 10.4 14.0 Transportation-in costs Wages and salaries Required: 1. Prepare a cost of goods sold statement for October. 2. Prepare an income statement for October.