Font Formatt D22 Alignment Number 1 F 9 B C D E Financial statements of a manufacturing firm 2 The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a 3 producer of digital video monitors: 4 5 DATA 6 Materials purchased $254.000 7 Direct materials used in production 182.880 8 Direct labor wages 457,200 Factory overhead 182.900 10 Work in process transferred to finished goods 772,200 11 Sales revenue 1,219,200 12 Cost of goods sold 685,800 13 Selling expense 218,400 14 Administrative expense 127.000 15 Select the corresponding accounts in the dropdowns in cells B21:B23, B25:B26, B28. Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the C and D columns Transfer the numeric 16 results for the green entry cells (D21.023, C25 C26, 027 028, C31 C33) into the appropriate fields in CNOWV2 for grading 18 Sorensen Manufacturing Company Income Statement 20 For the Month Ended January 31 Formulas 21 22 23 24 Operating expenses 25 26 27 Total operating expenses 28 29 Inventory balances on January 31: b. Materials Work in nas 17 19 la 30 31 Formulas 17 18 Sorensen Manufacturing Company 19 Income Statement 20 For the Month Ended January 31 21 a 22 23 24 Operating expenses 25 26 27 Total operating expenses 28 29 30 Inventory balances on January 31: 31 b. Materials 32 33 Finished goods 34 35 26 Work in process