Outdoor Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory. Following is a list of selected account balances from its trial balance for the most recent year ended December 31 (in no particular order).

Requirements:

Using the income statement accounts in the table, calculate:
1. Cost of goods sold.
product costs since there is no inventory.
2. Operating expenses.
3. Gross profit 4. Operating income

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Salaries and wages (for administrative and sales staff). Stain (used in manufacturing furniture)............ Rent and utilities (for administrative offices).. Indirect labor costs (wages of maintenance workers in factory).... Other manufacturing overhead (includes factory insurance and property taxes) ... Utility costs (related to factory). Labor costs (wages of carpenters who build furniture)... Accounts receivable ....... Marketing costs............. Wood (used in manufacturing furniture). Sales revenues......... Accounts payable..... $ 37,400 $ 12,700 $ 21,300 $ 9,800 $ 12,000 $ 11,200 $ 36,900 $ 27,100 $ 17,300 $ 57,800 $255,000 $ 7,100