Problem 2-59 Prepare Statements for a Manufacturing Company (LO 2-2, 4)

The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The following information (in $000s) appears in the accounting records for last year:

Administrative costs	$	1,646
Building and machine depreciation (75% of this amount is for factory)		900
Building utilities (90% of this amount is for factory)		1,290
Direct labor		845
Direct materials inventory, December 31		13
Direct materials inventory, January 1		13
Direct materials purchases		3,700
Factory supervision		494
Finished goods inventory, December 31		70
Finished goods inventory, January 1		51
Indirect factory labor		911
Indirect materials and supplies		675
Marketing costs		865
Property taxes on building (85% of this amount is for factory)		900
Sales revenue		13,004
Work-in-process inventory, December 31		27
Work-in-process inventory, January 1		29

Required:

Prepare an income statement with a supporting cost of goods sold statement.(Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).)