Can I please get some help with this question?

A.financial statements of a manufacturing firm

The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors:

Purchased $276,000 of materials.

Used $198,720 of direct materials in production.

Incurred $496,800 of direct labor wages.

Incurred $198,700 of factory overhead.

Transferred $839,000 of work in process to finished goods.

Sold goods for $1,324,800.

Sold goods with a cost of $745,200.

Incurred $237,400 of selling expense.

Incurred $138,000 of administrative expense.

Prepare the January income statement for Sorensen Manufacturing Company. Round your answers to the nearest dollar.

Sorensen Manufacturing Company

Income Statement

For the Month Ended January 31

B.

Revenues

Cost of goods sold

Gross profit

Operating expenses:

Selling expenses

Administrative expenses

Total operating expenses

Net income

Determine the inventory balances at the end of the first month of operations. Round your answers to the nearest dollar.

Sorensen Manufacturing Company

Inventory Balances

For the Month Ended January 31

Inventory balances on January 31:

Materials$fill in the blank 15

Work in process$fill in the blank 16

Finished goods