Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income statement for the quarter ending December 31, 2019 Help 4. $1,472,100 256,00 270,300 38,900 Sales Purchases of materials (1) Payroll (2) Advertising Administrative travel Manufacturing utilities Facility rental (5) Depreciation (4) Sales comissions Annual Insurance (manufacturing) Office utilities Management salaries (5) Net Income 93,000 67,100 59.00 $ 113,510 Notes (1) 80% of the materials were direct (2) 70% direct labour, 30% indirect labour (3) 90% related to manufacturing (4) 70% related to manufacturing (5) 30% related to manufacturing Furthermore, Rosenthal compiled the following information with respect to inventories for the quarter note that the company does not maintain inventories of indirect materials Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income statement for the quarter ending December 31, 2019 Help 4. $1,472,100 256,00 270,300 38,900 Sales Purchases of materials (1) Payroll (2) Advertising Administrative travel Manufacturing utilities Facility rental (5) Depreciation (4) Sales comissions Annual Insurance (manufacturing) Office utilities Management salaries (5) Net Income 93,000 67,100 59.00 $ 113,510 Notes (1) 80% of the materials were direct (2) 70% direct labour, 30% indirect labour (3) 90% related to manufacturing (4) 70% related to manufacturing (5) 30% related to manufacturing Furthermore, Rosenthal compiled the following information with respect to inventories for the quarter note that the company does not maintain inventories of indirect materials