eBook Show Me How Ofice 365 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 or digital video monitors a. Purchased $265,000 of materials. D. Used $191,520 of direct materials in production C. Incurred $478,800 or direct labor wages. d. Incurred $191,00 of factory overhead e. Transferred $808,600 of work in process to finished goods. 1. Sold goods for $1,276, 100. 9. Sold goods with a cost of $718,200. n. Incurred $228,800 of selling expense. 1. Incurred $133,000 of administrative expense, This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet Using the information given, complete the following: a. 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 Check My Work Next Book Show Me How Office 365 Using the information given, complete the following a. Prepare the Jenuary income statement for Sorensen Manufacturing Company Round your answers to the nearest dollar Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses Total operating expenses 5. 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 tolonces on January 31 Materials Next Check My Work ebook Show Me How Omce 365 Income Statement For the Months Ended January 31 Operating expenses Total operating expenses ..