Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monto: a. Purchased $58,800 of materials b. Used $45,300 of direct materials in production. C. Incurred $67,600 of direct laborages, d. Incurred $95,300 of factory overhead. e. Transferred $158,200 of work in process to finished goods, f. Sold goods for $282,800. 9. Sold goods with a cost of $125,800. h. Incurred $72,300 of selling expenses. 1. Incurred $31,800 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 Selling expenses 72,300 Administrative expenses 31.800 Gross profit 1157.000 Operating expenses: Accounting numeric field Cost of goods sold 2,828,000 Gross profit 1,258,000 Previous ve owing a. Prepare the January income statement for Digital Vibe Manufacturing Company Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 Selling expenses 72,300 Administrative expenses 31,800 Gross profit 157,000 Operating expenses: Cost of goods sold