Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job interview as a summer intern at Mesa, the cost accountant provides you with the following (fictitious) data for the year (in $000):

Required
Prepare the income statement with a supporting cost of goods sold statement.

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1 Inventory information 2 3 Direct materials 4 Work-in-process 5 Finished goods 1/1/00 $ 96 152 1,974 12/31/00 $110 136 2,026 7 Other information: 8 Administrative costs 9 Depreciation (Factory) 10 Depreciation (Machines) 11 Direct labor 12 Direct materials purchased 13 Indirect labor (Facto 14 Indirect materials (Factory 15 Property taxes (Factory) 16 Selling costs 17 Sales revenue 18 Utilities (Fact 19 For the year '00 $ 4,200 5,560 9,240 13,000 10,300 3,340 960 370 2,140 60,220 1,060