Norwood Stationary has provided the following information (in thousands of dollars) for October. ($000) Administrative costs Commissions Marketing Merchandise inventory, October 1 $ 17.5 59.2 12.0 17.4 Merchandise inventory, October 31 21.3 Merchandise purchases 292.5 Rent and utilities Sales revenue Support for local youth activities Transportation-in costs Wages and salaries Required: 1. Prepare a cost of goods sold statement for October. 2. Prepare an income statement for October. 24.7 537.5 4.1 11.0 14.6 Complete this question by entering your answers in the tabs below. COGS Statement Income Statement Prepare a cost of goods sold statement for October. Note: Enter your answers in thousands rounded to 1 decimal place. NORWOOD STATIONARY Cost of Goods Sold Statement For the Month Ended October 31 ($000) Total cost of goods purchased Cost of goods sold COGS Statement Income Statement > Norwood Stationary has provided the following information (in thousands of dollars) for October. ($000) Administrative costs Commissions Marketing Merchandise inventory, October 1 $ 17.5 59.2 12.0 17.4 Merchandise inventory, October 31 21.3 Merchandise purchases 292.5 Rent and utilities Sales revenue Support for local youth activities Transportation-in costs Wages and salaries Required: 1. Prepare a cost of goods sold statement for October. 2. Prepare an income statement for October. 24.7 537.5 4.1 11.0 14.6 Complete this question by entering your answers in the tabs below. COGS Statement Income Statement Prepare a cost of goods sold statement for October. Note: Enter your answers in thousands rounded to 1 decimal place. NORWOOD STATIONARY Cost of Goods Sold Statement For the Month Ended October 31 ($000) Total cost of goods purchased Cost of goods sold COGS Statement Income Statement >