(b) Empire Company Income Statement For the Month Ended October 31, 2022 \begin{tabular}{lr} \multicolumn{1}{c}{ Cost Item } & Manufacturing Cost \\ \hline 1. Material cost ($3010,000) & $300,000 \\ 2. Labor cost ($4010,000) & 400,000 \\ 3. Depreciation on factory equipment & 25,000 \\ 4. Property taxes on factory building & 6,000 \\ 7. Factory maintenance salaries & 25,000 \\ 8. Salary of factory manager & 70,000 \\ 10. Salary of product quality inspector & 20,000 \\ Total manufacturing product costs & $86,000 \end{tabular}