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 $86,200 $114,650 Materials inventory, December 31 129,550 Materials purchased 218,950 (a) Cost of direct materials used in production 231,020 Direct labor 324,970 257,960 Factory overhead 100,850 128,410 Total manufacturing costs incurred in December (b) 741,790 Total manufacturing costs 822,3401,018,100 Work in process inventory, December 1 165,500 276,310 Work in process inventory, December 31 139,640 Cost of goods manufactured (c) 734,910 Finished goods inventory, December 1 145,680 128,410 Finished goods inventory, December 31 152,570 (d) Sales 1,270,590 1,146,500 Cost of goods sold (d) 741,790 Gross profit (e) Operating expenses 165,500 Net income (f) 254,520 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: Total manufacturing costs incurred during December TULdl Illallul dlluny LUSLS Hilutreu uury December Total manufacturing costs IN 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Cost of goods sold