The following balances (in thousands of dollars) are from the accounts of Birwood Furniture: January 1 (Beginning) ($000) December 31 (Ending) ($000) Direct materials inventory $ 822 $ 894 Work-in-process inventory 1,264 1,440 Finished goods inventory 249 374 Direct materials used during the year amount to $2,196,000 and the cost of goods sold for the year was $2,378,000. Required: Prepare a cost of goods sold statement. Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234)