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		$83
Work-in-process inventory		112
Finished goods inventory		1,600
Information for the year:
Administrative costs		$3,620
Direct labor		12,600
Direct materials purchases		8,260
Factory and machine depreciation		11,530
Factory supervision		764
Factory utilities		962
Indirect factory labor		2,890
Indirect materials and supplies		678
Marketing costs		1,500
Property taxes on factory		293
Sales revenue		45,600
Information on December 31 (Ending):
Direct materials inventory		$99
Work-in-process inventory		140
Finished goods inventory		1,450

Required:

1. Prepare a cost of goods sold statement.

2. Prepare an income statement.