x 1 December 31 Account Balances Salaries and wages (for administrative and sales staff). ....... Stain (used in manufacturing furniture) ............. Indirect labor costs (wages of maintenance workers in factory) ......... Other manufacturing overhead (includes factory insurance and property taxes) Rent and utilities (for administrative offices). ... Utility costs (related to factory). . Labor costs (wages of carpenters who build furniture). Accounts receivable......... ...... $ Marketing costs Wood (used in manufacturing furniture) Sales revenues 34,500 10,000 20,000 9,900 12,300 10,800 36,500 27,200 16,900 56,500 320,000 ..... CUI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accounts payable 6.700 Backyard Home is a manufacturer of backyard and deck furniture. Its products are in high demand and it carries no inventory. Following is a list of selected account balances from its trial balance for the most recent year ended December 31 (in no particular order.) Click the icon to view the December 31 account balances.) Read the requirements. Requirement 1, 2, 3, and 4. To solve for the amounts required, prepare the income statement for Backyard Home for the year ended December 31. Backyard Home Income Statement For the Year Ended December 31 Less: Less: Less