200 The fing events took place for Sorensen Manufacturing Company during January, the first month of a producer of digital monitors: Purchased $63,100 of materas a. b. the $48,000 of direct materials in production c Incurred $72,600 of direct labor wages Inoued $102,2 factory overhead $160.700 of work in prices to fished goods f. Sold goods for $303,500. 200 9. h. Sold goods with a sit of $135,000 cured $77,500 of ingexpe 200 Incred $34,100 of administrati using the information given, complete the following a. Prepare the January income statement for Sorensen Manufacturing Compa Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Operating exper Tutal sperating expense b. Dete the inventory balances at the end of the first mouth of operations Sorensen Hanufacturing Company Inventory Balances For the Honth Ended January 31 Investory balances on lanuary 31: Material