Need to find the balances for materialsWork in process & finished goods

eBook Show Me How Office 365 Financial statements of a manufacturing firm The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $265,000 of materials. b. Used $190,800 of direct materials in production. c. Incurred $477,000 of direct labor wages. d. Incurred $190,800 of factory overhead. e. Transferred $805,600 of work in process to finished goods. f. Sold goods for $1,272,000. g. Sold goods with a cost of $715,500. h. Incurred $227,900 of selling expense. i. Incurred $132,500 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. Round your answers to the nearest dollar. Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Revenues $ 1,272,000 V Check My Work Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grading 2:50 PM X W P N 6 # X POF 36OF