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	$	9,600
Building and machine depreciation (75% of this amount is for factory)		5,400
Building utilities (90% of this amount is for factory)		7,500
Direct labor		5,040
Direct materials inventory, December 31		84
Direct materials inventory, January 1		72
Direct materials purchases		21,900
Factory supervision		2,940
Finished goods inventory, December 31		390
Finished goods inventory, January 1		324
Indirect factory labor		5,472
Indirect materials and supplies		4,110
Marketing costs		5,226
Property taxes on building (80% of this amount is for factory)		5,040
Sales revenue		77,820
Work-in-process inventory, December 31		174
Work-in-process inventory, January 1		192

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).)