Problem $2-66($Algo$)$ Prepare Statements for a Manufacturing Company $($LO $2-2,4)$

Mount Elliott Fixtures produces a variety of hardware products, primarily for the home construction and remodeling business. The cost

accountant provides you with the following data for the year $($in $$000)$:

Required:

a$.$ Prepare a cost of goods sold statement.

b$.$ Prepare an income statement.