Required Prepare a cost of goods manufactured and sold statement and an income statement. 2-73. Reconstruct Financial Statements San Ysidro Company manufactures hiking equipment. The company's administrative and manufacturing operations share the company's only building. Eighty percent of the building is used for manufacturing, and the remainder is used for administrative activities. Indirect labor is 8 percent of direct labor. The cost accountant at San Ysidro has compiled the following information for the year ended December 31 . Required Prepare a cost of goods manufactured and sold statement and an income statement. 2-73. Reconstruct Financial Statements San Ysidro Company manufactures hiking equipment. The company's administrative and manufacturing operations share the company's only building. Eighty percent of the building is used for manufacturing, and the remainder is used for administrative activities. Indirect labor is 8 percent of direct labor. The cost accountant at San Ysidro has compiled the following information for the year ended December 31