I just need the bottom 2 questions answered thank you.

Technology Accessories Inc. is a designer, manufactures, and distributor of accessories for consumer electronic products. Early in 2016, the company began production of a cover for tablet computers, called the iLeather. The cover is made of with a velvet interior and fits snuggly around most tablet computers. In January,$ 750,000 spent on developing marketing and advertising materials. For the first six months of the company spent $1,400,000 promoting the iLeather. The product was ready for facture on January 21, 2016. The Technology Accessories Inc. uses a job order cost system to for the iLeather. Direct materials unit costs for the ileather are as follows: The actual production process for the iLeather is fairly straightforward. Is brought to a cutting and stitching machine. The machine cuts the learn. And an exterior edge into the product. The machine requires one hour per 125 After the iLeather is cut and stitched, it is brought to assembly, where sonnel affix the velvet interior and pack the iLeather for shipping. The direct for this work is $0.50 per unit. The completed packages are then sold to retail outlets through a sales force.The sin force is compensated by a 20% commission on the wholesale price for all sales. Total completed production was 500,000 units during the year. Other as follows: Factory overhead cost is applied to jobs at the rate of $ 1,250 per machine There were an additional 22,000 cut and stitched iLeathers waiting to be assembled on December 31, 2016. Instructions Prepare an annual income statement for the iLeather product, including calculations, from the information provided. Determine the balances in the finished goods and work in process inventories for iLeather product on December 31, 2016