Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars) $ 80 114 1,620 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the years 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 $ 3,670 12,750 8,290 11.520 738 947 2,910 695 1,480 280 45,700 $ 92 148 1,490 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 Samt Income Stat Prepare a cost of goods sold statement, Enter your answers in thousands of dollars le, 234,000 should be entered as 23 YOLO WINDOWS Statement of Cost of Goods Sold For the Year Ended December 31 (5000) Manufacturing costs: 2 Help Save & E COGS SM Income Simt Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars..234,000 should be entered as 234) YOLO WINDOWS Statement of Cost of Goods Bold 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 Income Siml> 19 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 (5000) Total marketing and administrative costs