olo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars).

Information on January 1 (Beginning):
Direct materials inventory	$	83
Work-in-process inventory		120
Finished goods inventory		1,610
Information for the year:
Administrative costs	$	3,600
Direct labor		12,800
Direct materials purchases		8,220
Factory and machine depreciation		11,690
Factory supervision		745
Factory utilities		949
Indirect factory labor		2,890
Indirect materials and supplies		679
Marketing costs		1,540
Property taxes on factory		289
Sales revenue		45,600
Information on December 31 (Ending):
Direct materials inventory	$	92
Work-in-process inventory		147
Finished goods inventory		1,480

Required:

1. Prepare a cost of goods sold statement.

2. Prepare an income statement.