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Oriole Company is a manufacturer of computers. Its controller resigned in October 2022. An inexperienced assistant accountant has prepared the following income statement for the month of October 2022. Prior to October 2022, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information. Prior to October 2022, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information. 1. Inventory balances at the beginning and end of October were as follows: 2. Only 72% of the utilities expense and 58% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities. ORIOLECOMPANY Cost of Goods Manufactured Schedule Cost of Goods Manufactured Depreciation on Factory Equipment Direct Labour Direct Materials Direct Materials Used Rent on Factory Facilities Factory Insurance Factory Utilities Indirect Labour Manufacturing Overhead Raw Materials Inventory, October 1 Raw Materials Inventory, October 31 Raw Materials Purchases Total Cost of Work in Process Total Manufacturing Costs Total Manufacturing Overhead Total Raw Materials Avallable for Use Work in Process Inventory, October 1 Work in Process Imventory, October 31 Finished Goods inventory, October 1 Finished Goods Inventory, October 31 $ $ $ $ Prepare a correct income statement for October 2022. (Enter negative amounts using elther a negative sign preceding the number eg. -45 or parentheses eg. (45))