Manufacturing Income Statement, Statement of Cost of Goods Manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of December On Off Company Company Materials inventory, December 1 $55,870 $70,400 Materials inventory, December 31 (a) 79,550 Materials purchased 141,910 (a) Cost of direct materials used in production 149,730 (b) Direct labor 210,630 158,400 Factory overhead 65,370 78,850 Total manufacturing costs incurred in December (b) 455,490 Total manufacturing costs 533,000 533,000 Work in process inventory, December 1 107,270 169,660 Work in process inventory, December 31 90,510 (c) Cost of goods manufactured (c) 451,260 Finished goods inventory, December 1 94,420 78,850 Finished goods inventory, December 31 98,890 (d) Sales 623,520 704,000 Cost of goods sold (d) 455,490 Gross profit (e) (e) Operating expenses 107,270 (f) Operating expenses Net income 107,270 (1) (f) 156,290 Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company 2. Prepare On Company's statement of cost of goods manufactured for December On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Direct materials: 0000 Total manufacturing costs incurred during December Total manufacturing costs 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold: 0000 Income Statement For the Month Ended December 31 Cost of goods sold: 0000 10000