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. estion 4 of 4 2.44/5; TEAL MOUNTAIN COMPANY Income Statement For the Month Ended October 31, 2025 Sales Revenue $ wiley.com/was/ui/v2/assessment-player/index.html?launchld=de4184f9-6b65-464f-9422-43882ccabecff/question/3 stion 4 of 4 2.44/5 eTextbook and Media Save for Later Last saved 1 hour ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto