Please answer the last section (b) and what is filled in is not accurate. I am not sure if it is correct.

Sage Hill Company is a manufacturer of smartphones. Its controller resigned in October 2025 . An inexperienced assistant accountant has prepared the following income statement for the month of October 2025. Prior to October 2025, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows. 1. Inventory balances at the beginning and end of October were: 2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. (a) Your answer is correct. Prepare a schedule of cost of goods manufactured for October 2025. (Assume that all raw materials used were direct materials.) SAGE HILL COMPANY Cost of Goods Manufactured Schedule For the Month Ended October 31, 2025 Work in Process, October 1 Direct Materials Raw Materials Inventory, October 1 Raw Materials Purchases Total Raw Materials Available for Use Less V: Raw Materials Inventory, October 31 V Direct Labor Manufacturing Overhead Depreciation on Factory Equipment Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Less V: Work in Process, October 31V Cost of Goods Manufactured 209000 5280 9900 30800 eTextbook and Media Attempts: 2 of 3 used (b) Prepare a correct income statement for October 2025. SAGE HILL COMPANY Income Statement For the Month Ended October 31, 2025 Work in Process Inventory, October 1 Direct Materials Raw Materials Inventory, October 1 Raw Materials Purchases Less V: Raw Materials Inventory, October 31 Direct Materials Direct Labor Manufacturing Overhead Factory Family Rent Factory Insurance $ 19800 eTextbook and Media Assistance Used Save for Later Last saved 4 minutes ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes