I am needing help figuring out my finish ones goods and work in process amounts. I can not get the numbers to come out. Can someone please help?

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 $230,000 of materials. b. Used $165,600 of direct materials in production. C. Incurred $414,000 of direct labor wages. d. Incurred $165,600 of factory overhead. e. Transferred $699,200 of work in process to finished goods. f. Sold goods for $1,104,000. g. Sold goods with a cost of $621,000. h. Incurred $197,800 of selling expense. i. Incurred $115,000 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 questions below. Open spreadsheet Using the information given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company. Round your answers to the nearest dollar. Sorensen Manufacturing Company Income Statement For the Month Ended January 31 $ Revenues 1,104,000 p. Determine the inventory balances at the end of the dollar. Cost of goods sold 621,000 Sorensen Manufacturing Company $ Inventory Balances Gross profit 483,000 For the Month Ended January 31 Operating expenses: Inventory balances on January 31: $ V $ Selling expenses Materials 197,800 64,400 Work in process $ Administrative expenses 115,000 Finished goods $ Total operating expenses 312,800 $ Net income 170,200