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	$	90
Work-in-process inventory		112
Finished goods inventory		1,670
Information for the year:
Administrative costs	$	3,610
Direct labor		12,350
Direct materials purchases		8,220
Factory and machine depreciation		11,610
Factory supervision		746
Factory utilities		953
Indirect factory labor		2,900
Indirect materials and supplies		687
Marketing costs		1,530
Property taxes on factory		298
Sales revenue		45,600
Information on December 31 (Ending):
Direct materials inventory	$	91
Work-in-process inventory		127
Finished goods inventory		1,470

Required:

1. Prepare a cost of goods sold statement.

2. Prepare an income statement.