please solve this question and explain each number that you got. explain please.

Morrison Company uses a job-order costing system to assign manufacturing costs to jobs. Its balance sheet on January 1 is as follows: During January the company completed the following transactions: a. Purchased raw materials on account, $86,200. b. Raw materials used in production, $94,200($82,400 was direct materials and $11,800 was indirect materials). c. Paid $195,800 of salaries and wages in cash ($113,600 was direct labor, $44,250 was indirect labor, and $37,950 was related to employees responsible for selling and administration). d. Various manufacturing overhead costs incurred (on account) to support production, $39,450. e. Depreciation recorded on property, plant, and equipment, $103,600 (70\% related to manufacturing equipment and 30% related to assets that support selling and administration). f. Various selling expenses paid in cash, $27,950. 9. Prepaid insurance expired during the month, $1,250(80% related to production, and 20% related to selling and administration). During January the company completed the following transactions: a. Purchased raw materiais on account. $86,200. b. Raw materials used in production, $94,200 (\$82,400 was direct materials and $11,800 was indirect materials) c. Paid $195,800 of salaries and wages in cash 1$113,600 was direct labor, $44,250 was indirect labor, and $37,950 was related 10 and employees responsible for selling and administration). d. Various manufacturing overhead costs incurred (on account) to support production, 539,450. e. Depreciation fecorded on property, plant, and equipment, $103,600 (70N, related to manufacturing equipment and 30% related to assets that support selling and administration). 1. Various seling expenses paid in cash, $27,950. 9. Prepaid insurance expired during the month. $1,250 (80\% related to production, and 20% related to seting ard administration) 14. Manufacturing overhead applied to production, $150,800. 1. Cost of goods manufactured, $307,300. 1. Cash sales to customers, $421,880. k. Cost of goods soid (unad usted), $304,90. 1. Cash payments to creditors, $72,800. m. Underapplied or overapplied overhead $ ? Required: 1. Calculate the ending balonces that wouid be reported on the company's balance sheet on January 31 st ; (Hint Be sure to calculite the underapplied or overapplied overhead and then account for its affect on the balance sheet.) 2. What is Morrison Company's net operating income for the month of January? Colculate the endina halances that would be redarted on the comaanv's balance sheet on January 31 st. (Hint: Be sure to calcuiate the underaoolied ar overapgi 2. What is Morrison Company's net operating income for the month of January? Complete this question by entering your answers in the tabs below. What is Morrison Company's net operating income for the month of January