Marfaret rosenthal, accountant for Russel Manufacturing Company, prepared the following income statement for the quarter ending December 31,

2016.

Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income statement for the quarter ending December 31, 2016. or hr Sales Purchases of materials (1) Payroll (2) Advertising Administrative travel Manufacturing utilities Facility rental (3) Depreciation (4) Sales commissions Annual insurance (manufacturing) Office utilities Management salaries (5) $ 1,373,100 246,190 266,700 37,100 27,700 49,600 91,000 63,700 42,000 41,000 22,500 389,000 Net income $96,610 Notes (1) 70% of the materials were direct (2) 60% direct labour 40% indirect labour (3) 80% related to manufacturing (4) 70% related to manufacturing (5) 30% related to manufactunng Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income statement for the quarter ending December 31, 2016. or hr Sales Purchases of materials (1) Payroll (2) Advertising Administrative travel Manufacturing utilities Facility rental (3) Depreciation (4) Sales commissions Annual insurance (manufacturing) Office utilities Management salaries (5) $ 1,373,100 246,190 266,700 37,100 27,700 49,600 91,000 63,700 42,000 41,000 22,500 389,000 Net income $96,610 Notes (1) 70% of the materials were direct (2) 60% direct labour 40% indirect labour (3) 80% related to manufacturing (4) 70% related to manufacturing (5) 30% related to manufactunng