The following data are for Maurice Department Store

Subject:AccountingPrice:2.87 Bought7

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The following data are for Maurice Department Store. The account balances (in thousands) are for 2013. (Click the icon to view the account balances.)

Marketing, distribution, and customer-service costs $ 30,000
Merchandise inventory, January 1, 2013 25,000
Utilities 10,000
General and administrative costs 42,000
Merchandise inventory, December 31, 2013 38,000
Purchases 156,000
Miscellaneous costs 6,000
Transportation-in 8,000
Purchase returns and allowances 5,000
Purchase discounts 9,000
Revenues 295,000

Requirements

1. Compute (a) the cost of goods purchased and (b) the cost of goods sold.

2. Prepare the income statement for 2013.