hey, I need help understanding how to do this l, an explantion of how you get the numbers would be amazing! thanks

Problem 2-62 (Static) Prepare Statements for a Manufacturing Company (LO 2-2,4) 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). Inventory information: Direct materials Work-in-process Finished goods 1/1/00 596 152 1,974 12/31/00 $110 136 2,026 Other information Administrative costs Depreciation (Factory) Depreciation (Machines) Direct labor Direct materials purchased Indirect labor (Factory) Indirect materials (Factory) Property taxes (Factory) Selling costs Sales revenue Utilities (Factory) For the year 20 $4,200 5,560 9,240 13,000 10,300 3.340 960 370 2,140 50,220 1,060 Required: 1. Prepare a cost of goods sold statement 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars (.e., 234,000 should be entered as 234).) Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).) MESA DESIGNS Statement of Cost of Goods Sold For the Year Ended December 31 (5000) Manufacturing costs: Direct materials: Manufacturing overhead 0 Total manufacturing overhead Total manufacturing costs Total cost of work-in-process during the year Costs of goods manufactured during the year Cost of goods sold Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare an income statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234):) MESA DESIGNS Income Statement For the Year Ended December 31 (5000) Total selling and administrative costs 0