Assignment4---Please use the cost formula to calculate income statement Sales 750,000 46,500 Depreciation, factory Utilities, factory 11,550 Administrative expense 84,900 Purchase of raw materials 216,900 Raw materials, Mar31, 2020 24,600 selling expense 49,500 Raw materials, Mar1, 2020 36,000 Work-in-process inventory, Mar31 30,000 Insurance, factory 12,600 Direct labour 47,190 Work-in-Process inventory, Marist 54,000 Indirect labour 91,800 78,000 Finished Goods Inventory, Marist Supplies, factory Finished Goods Inventory, Mar31 4,200 63,000 Maintenance, factory 26,700 Required: Please use the cost formula provided in class to prepare the income statements (make sure not to miss or skip any steps)