a. Prepare the income statement for Rushmore Biking for the month ending February 28. Round your answers to the nearest dolla Rushmore Biking Inc. Income Statement For the Month Ended February 28 Selling and Administrative Expenses: Total Selling and Administrative Expenses b. Determine the inventory balances on February 28, the end of the first month of operations. Round your answers to the nearest dollar. Materials inventory, February 28 Work in process inventory, February 28 $ Finished goods inventory, February 28 $