Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars). COGS Stmt Information on January 1 (Beginning): Direct materials inventory $ Work-in-process inventory Finished goods inventory 89 115 1,680 Information for the year: Administrative costs $ 3,640 Direct labor Direct materials purchases 12,950 8,220 Factory and machine 11,660 depreciation Factory supervision 746 Factory utilities 971 Indirect factory labor 2,890 Indirect materials and 688 supplies Marketing costs 1,530 Property taxes on factory 299 Sales revenue 45,700 Information on December 31 (Ending): Direct materials inventory $ 100 Work-in-process inventory Finished goods inventory 142 1,430 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGS Income Stmt Stmt Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).) YOLO WINDOWS Statement of Cost of Goods Sold For the Year Ended December 31 ($000) 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 0 < COGS Stmt Income Stmt > Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars). Information on January 1 (Beginning): Direct materials inventory $ 89 Work-in-process inventory Finished goods inventory 115 1,680 Information for the year: Administrative costs $ 3,640 Direct labor Direct materials purchases Factory and machine 12,950 8,220 11,660 depreciation Factory supervision 746 Factory utilities 971 Indirect factory labor 2,890 Indirect materials and 688 supplies Marketing costs 1,530 Property taxes on factory 299 Sales revenue 45,700 Information on December 31 (Ending): Direct materials inventory $ 100 Work-in-process inventory 142 Finished goods inventory 1,430 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare an income statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).) YOLO WINDOWS Income Statement For the Year Ended December 31 ($000) Total marketing and administrative costs < COGS Stmt Income Stmt >