Financial Starements of a Manufacturing Firm The foliowing events took place for Technology Treasures Manufacturing Company during January, the first month of its operations as a producer of digital video monitors a. Purchased $67,300 of materials b. Used $51,800 of direct ruterials in production. c. Incurred $77,400 of direct labor wages d. Incurfed $109,000 of lactory cwerheat e. Transferred $181,000 of woek in process to finished goods. 1. Sold goods for $323,700. 9. Sold goods with a cost of $144,000. h. incurred $82.800 of selling expenses. L. Incuried $36,300 of administratwe expense. Using the informaton gwen, complete the following: a. Prepare the Janvary income statement for Technology Treasures Manufacturing Company. b. Delermone the Materials inventory, Woik in Process inventory, and Finstied Coods irventery balances at the end of the first month of operations