Financial Statements of a Manufacturing Firm The following 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 $62,600 of materials b. Used $48,200 of direct materials in production. c. Incurred $72,000 of direct labor wages. d. Incurred $101,400 of factory overhead. e. Transferred $168,400 of work in process to finished goods. f. Sold goods for $301,100. g. Sold goods with a cost of $134,000. h. Incurred $77,000 of selling expenses. i. Incurred $33,800 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Technology Treasures Manufacturing Company. Technology Treasures Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses: