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The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The...

The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The following information (in $000s) appears in the accounting records for last year: Administrative costs $ 1,653 Building and machine depreciation (75% of this amount is for factory) 800 Building utilities (90% of this amount is for factory) 1,310 Direct labor 835 Direct materials inventory, December 31 16 Direct materials inventory, January 1 10 Direct materials purchases 3,640 Factory supervision 495 Finished goods inventory, December 31 66 Finished goods inventory, January 1 57 Indirect factory labor 918 Indirect materials and supplies 691 Marketing costs 879 Property taxes on building (85% of this amount is for factory) 1,000 Sales revenue 12,945 Work-in-process inventory, December 31 28 Work-in-process inventory, January 1 34 Required: Prepare an income statement with a supporting cost of goods sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).)

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