Question 5 Not yet answered Marked out of 2.00 -stag uestion Sigma Inc displays the following information for the month of December, N (amounts in $). Inventories Raw materials Work in process Finished goods Additional data Sales Purchases of Raw material Total $300,000 $88,000 Direct labor cost $21,000 Manufacturing overhead costs $55,000 Selling expenses $30,000 Beginning $20,000 Ending $30,000 $21,000) $24,000 $51,000 $54,000 Administrative expenses $20,000 Instructions: Compute the net income, assuming that cost of goods sold $150,000. (3 marks: 1.5 formula, 1.5 computation) Paragraph BIE Net income: