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Navaria Inc. manufactures and sells chair lift mobility aids. These are chairlift systems designed for inhome use to aid persons with mobility challenges. The company sells its systems online and through a network of independent sales agents. Installation of the systems is done by independent contractors hired directly by Navaria's customers. The following information was taken from Navaria's financial records for the year ended June 30,2020 : Prepare a multi-step statement of income for the year ended June 30, 2020 that reports expenses by nature. (Enter amounts in thousands.) Operating Expenses Advertising Expense Wages Expense Administrative Expenses \begin{tabular}{|l|l|} \hline & 5,852 \\ \hline \end{tabular} 304 9,566i Rent Expense Depreciation Expense Other Expenses Total Operating Expenses Income from Operations Other Revenue and Expenses Interest Revenue Financing Expenses Profit before Income Tax 63016,035 Income Tax Expense Net Income Type here to search Prepare a multi-step statement of income for the year ended June 30,2020 that reports expenses by function. (Enter amounts in thousands.) Prepare a multi-step statement of income for the year ended June 30,2020 that re thousands.)