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	$	1,653
Building and machine depreciation (75% of this amount is for factory)		900
Building utilities (90% of this amount is for factory)		1,230
Direct labor		845
Direct materials inventory, December 31		15
Direct materials inventory, January 1		13
Direct materials purchases		3,660
Factory supervision		495
Finished goods inventory, December 31		66
Finished goods inventory, January 1		57
Indirect factory labor		920
Indirect materials and supplies		678
Marketing costs		877
Property taxes on building (85% of this amount is for factory)		800
Sales revenue		12,891
Work-in-process inventory, December 31		28
Work-in-process inventory, January 1		31

Required:

Prepare an income statement with a supporting cost of goods sold statement.