please help every single answer was incorrect by someone else on chegg

a. Prepare the income statement for Rushmore Biking for the month ending February 28. Round your answers to the nearest do Rushmore Biking Inc. Income Statement For the Month Ended February 28 Revenues $ 926,300 x Cost of Goods Sold 517,500 x Gross Profit 408,800 x Selling and Administrative Expenses: Selling Expenses 222,500 Administrative Expenses 82,800 x Total Selling and Administrative Expenses 305,300 x Operating Income 103,500 x b. Determine the inventory balances on February 28, the end of the first month of operations. Round your answers to the neare Materials inventory, February 28 $ 36,800 x Work in process inventory, February 28 $ 22,400 X Finished goods inventory, February 28 $| 19,200 X Financial statements of a manufacturing firm The following events took place for Rushmore Biking Inc. during February, the first month of operations as a producer of road bikes: 0 Purchased $350,000 of materials. Used $316,800 of direct materials in production. Incurred $91,100 of direct labor wages. Applied factory overhead at a rate of 33% of direct labor cost. Transferred $415,300 of work in process to finished goods. Sold goods with a cost of $395,200. Revenues earned by selling bikes, $653,900. Incurred $132,900 of selling expenses. Incurred $64,700 of administrative expenses