The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The following information (in $000 appears in the accounting records for last year. Administrative costs $ 1,651 Building and machine depreciation (75% of this amount is for factory) Building utilities (90% of this amount is for factory) 800 1,220 Sales revenue ces Direct labor Direct materials inventory, December 31 Direct materials inventory, January 1 Direct materials purchases Factory supervision Finished goods inventory, December 31 Finished goods inventory, January 1 Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on building (85% of this amount is for factory) Work-in-process inventory, December 31 Work-in-process inventory, January 1 835 14 13 3,680 490 69 51 906 679 879 900 13,041 28 31 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below.