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 $268,000 of materials. b. Used $192,960 of direct materials in production. C. Incurred $482,400 of direct labor wages. d. Incurred $193,000 of factory overhead. e. Transferred $814,700 of work in process to finished goods. f. Sold goods for $1,286,400. g. Sold goods with a cost of $723,600. h. Incurred $230,500 of selling expense. 1. Incurred $134,000 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the