Please help solve and explain. Thanks.

Backyard Fashions is a manufacturer of backyard and deck furniture. Its products are in high dermand and it carries no inventory. Following is a list of selected account balarices from its trial balance for the most recent year ended December 31 in no particular order.) EEl (Click the icon to view the December 31 account balances.) Read the requirements iDecember 31 Account Balances Salaries and wages (for administrative and sales staf) Stain (used in manufacturing fumiture. Incirect labor costs (wages ot malntenance workers In factory) $ 33,500 $ 13,500 $ 21,500 Other manufacturing overhead (indludes factory insurance and praperty taxes).$10,000 $ 12,100 5 11,100 $ 35,500 $27,800 $ 18,600 $ 55,000 $ 290,000 6,600 Rent and utlities (for adrministrative offices)... Utility costs related to factory) Labor costs wages ot carpenters who build fumliture).... Accounts receivable Marketing costs Wood (used in manufacturing fumiture) Sales revenues. Accounts payable G Requirements Using the income statement accounts in the table, calculate 1. Cost of goods sold. Hint: Cost of goods sold can be calculated by summing 2. Operating expenses. Hint: Operating expenses are the company's period 3. Gross profit the total product costs since there is no inventory. costs. 4. Operating income Print Done Less