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	$	1,651
Building and machine depreciation (75% of this amount is for factory)		1,000
Building utilities (90% of this amount is for factory)		1,330
Direct labor		835
Direct materials inventory, December 31		12
Direct materials inventory, January 1		10
Direct materials purchases		3,690
Factory supervision		491
Finished goods inventory, December 31		69
Finished goods inventory, January 1		55
Indirect factory labor		911
Indirect materials and supplies		693
Marketing costs		876
Property taxes on building (85% of this amount is for factory)		1,000
Sales revenue		12,953
Work-in-process inventory, December 31		25
Work-in-process inventory, January 1		29

Required:

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