Beginning Inventory Ending Inventory Direct Material Work-in-Process Finished Goods $ 76,000 $331,000 $679,000 $ 83,000 $348,000 $653,000 Direct Material purchased - $261,000 Direct Labor for the month - $219,000 Depreciation, Factory (actual) $15,000 Depreciation, Office Building -$17,000 Supervisors' salaries, Factory -$94,000 Office Salaries - $221,000 Utilities, Factory - $19,000 Utilities, Office Building - $11,000 Manufacturing overhead (applied) - $124,000 Sales Revenue - $1,075,000 Administrative Expenses - $286,000 Tax rate - 30% 1) Prepare the Income Statement for the month (5 points)