The following data are for Maurice Department Store. The account balances (in thousands) are for 2013.

Marketing, distribution, and customer- service costs... $ 30,000

Merchandise inventory, January 1, 2013........ 25,000

Utilities .....................10,000

General and administrative costs ...........42,000

Merchandise inventory, December 31, 2013..... 38,000

Purchases ....................156,000

Miscellaneous costs................ 6,000

Transportation- in ................8,000

Purchase returns and allowances ...........5,000

Purchase discounts .................9,000

Revenues ....................295,000

Required

1. Compute

(a) The cost of goods purchased and

(b) The cost of goods sold.

2. Prepare the income statement for 2013.