Question1 The following information was available for The White Corporation for March 2012. The owner, Lemar White, has asked that you use your knowledge from Managerial Accounting iin conjunction with the information below to compile the Income Statement of The White Corporation for the period ended March 31, 2012. Work in Process 3/1/2012 25,000 Work in Process 3/31/2012 101,000 Raw Materials 3/1/2012 Finished Goods 3/1/2012 90,000 Finished Goods 3/31/2012 120,000 Cost of Materials Used Direct Labor Heat, Light, Power- Factory 9,000 Heat, Light, Power-Office 6,000 Depreciation- Factory Depreciation- Office Rent Expense- Factory Rent Expense- Office Property Taxes- Factory Property Taxes- Office Indirect Labor Sales Advertising Expense 50,000 85,000 35.000 10,000 3,000 12.000 1,500 5,000 1,000 20,000 310,000 30,000