Outdoor Home is a manufacturer of backyard and deck furniture. Its products are in high demand and it carries no inventory. Following is a list of selected account balances from its trial balance for the most recent year ended December 31 (in no particular order.) (Click the icon to view the December 31 account balances.) Read the requirements. Requirement 1, 2, 3, and 4. To solve for the amounts required, prepare the income statement for Outdoor Home for the year ended December 31. Outdoor Home Income Statement For the Year Ended December 31 Sales revenue Less: Cost of goods sold Less: Get More Help Clear All Check Answer -1080: Managerial Accounting-Fall 2021-Cuyamaca College Question 11, E2-26A (si... > HW Score: 57.95%, 11.59 of 20 points O Points: 0 of 1 Home is a manufacturer of backyard and deck furniture. Its products are in high demand and it December 31 Account Balances $ 33,000 $ 12,000 $ 22,500 $ 10,000 $ 11,700 $ 10,600 Salaries and wages (for administrative and sales staff) Stain (used in manufacturing furniture) Indirect labor costs (wages of maintenance workers in factory) Other manufacturing overhead (includes factory insurance and property taxes) Rent and utilities (for administrative offices) Utility costs (related to factory) Labor costs (wages of carpenters who build furniture) Accounts receivable Marketing costs Wood (used in manufacturing furniture) Sales revenues Accounts payable $ 36,500 $ 26,600 $ 16,500 $ 56,500 $ 330,000 $ 6,500 Print Done