Backyard Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory. To follow 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.
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). Indirect labor costs (wages of maintenance workers in factory)... $ 38,100 $ 14,500 $ 23,700 Other manufacturing overhead (includes factory insurance and property taxes).. $ 11,300 Utility costs (related to factory). Rent and utilities (for administrative offices). Labor costs (wages of carpenters who build furniture) Accounts receivable....... $ 13,200 $ 12,100 $ 33,700 $ 31,200 Marketing costs............. Wood (used in manufacturing furniture). Sales revenues. Accounts payable. $ 15,200 $ 59,100 $ 267,000 $ 8,200