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 of digital video monitors: a. Purchased $264,000 of materials. b. Used $190,080 of direct materials in production. c. Incurred $475,200 of direct labor wages. d. Incurred $190,100 of factory overhead. e. Transferred $802,600 of work in process to finished goods. f. Sold goods for $1,267,200. 9. Sold goods with a cost of $712,800. h. Incurred $227,000 of selling expense. 1. Incurred $132,000 of administrative expense. This information has been colsected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below: Open spreadsheet Using the information given, complete the following: a. Prepare the sanuary income statement for Sorensen Manufacturing Company. Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company