Financial statements of a manidacturing firm The following events took place for Sorensen Manulacturing Company during January, the first month of its operations as a producer of digltal video monitors: a. Purchased $241,000 of materials. b. Used $173,520 of direct materials in production. c. Incurred $433,800 of direct labor wages. d. Incurred $173,500 of factory overhesd e. Transfcrred $732,600 of work in process to finished goodt, 1. Sold goods for $1,156,800. 9. Sold poods with a cost of $550,700. h. Incurred $207,300 of seling expense. 1. incurted $120,500 of administrative expense. This information has been collected in the Microsoft Excel online file. Open the spreadsheot, phiform the required analysis, and input veur answers in the quetstions below. Open spread heet Using the information given, complete the following: a. Prepare the Janeary income statement for Sorensen Manufacturing Company. Round vour absweis to the nearest dollar