The program is saying my answer for b (67500) is incorrect. What am I missing? Thank you

Seved quired Exercise 11 2A Materials and compensation costs in manufacturing versus service companies LO 11-1 cash for Morland Company started year 1 with $75, 000 in its cash and common stock accounts. During year 1, Morland paid $50,000 employee compensation and $17,500 cash for materials Required a. Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assumingM orland used the labor and materials to make 1,500 chairs. Further, ossume that Morland sold 1,200 of the chairs it made. State the namets) of the expense account(s) shown on the income statement Book mount of assets and the amount of expense shown on the year 1 financial statements assuming Morland used r ces 5 patients Statethe names) of the expense accoun s shown on b. Determine the totel a 0 Mint the labor and materials to provide dental cleaning se the income statement Ask Complete this question by entering your answers in the tabs below. Print Required A Required B Determine the total amount of assets and the amount of expense shown on the year 1 financial statements assuming Morland used the labor and materials to make 1,500 chairs. Further, assume that Morland sold 1,200 of the chairs it made. State the name(s) of the expense account(s) shown on the income statement. 21,000 Total assets Total expenses Name of the expense 67,500 Cost of goods sold RequiredB