accounting - please answer will rate

The following events took place for Rushmore Biking Inc. during February, the first month of operations as a producer of road bikes:

Purchased $380,000 of materials.

Used $344,000 of direct materials in production.

Incurred $99,000 of direct labor wages.

Applied factory overhead at a rate of 31% of direct labor cost.

Transferred $449,200 of work in process to finished goods.

Sold goods with a cost of $427,500.

Revenues earned by selling bikes, $707,300.

Incurred $143,800 of selling expenses.

Incurred $69,900 of administrative expenses.

a. Prepare the income statement for Rushmore Biking for the month ending February 28. Round your answers to the nearest dollar. Work in process inventory, February 28$ Finished goods inventory, February 28$