Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars). $ 87 117 1,680 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the year: Administrative costs Direct labor Direct materials purchases Factory and machine depreciation Factory supervision Factory utilities Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on factory Sales revenue Information on December 31 (Ending): Direct materials inventory Work-in-process inventory Finished goods inventory $ 3,600 12,500 8,280 11,750 744 964 2,880 684 1,480 270 45, 700 $ 99 129 1,440 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. YOLO WINDOWS Statement of Cost of Goods Sold For the Year Ended December 31 (5000) Manufacturing costs: Direct materials: Manufacturing overhead: Total manufacturing overhead Total manufacturing costs Total cost of work in process during the year Costs of goods manufactured during the year Cost of goods sold YOLO WINDOWS Income Statement For the Year Ended December 31 ($000) Total marketing and administrative costs