Sam Song is the CEO of the Emmet Corporation, a manufacturer of solar powered skateboards. Sam asks you to draft financial statements for the fiscal year ended January 31, 2018. The accounting records are as follows: Raw materials inventory was $82,500 as of January 31, 2017 and $52,420 as of January 31, 2018 work in process inventory was 205,000 as of January 31, 2017 and $287,000 as of January 31, 2018. Finished goods inventory was $187,000 as of January 31, 2017 and $66,500 as of January 31, 2018. Analyze the data for FY 2018 and answer the following questlons: maintenance expense $59,700 $45,000 $39,000 $70,000 $1,266,000 $190,000 $540,000 $140,850 $20,000 lant manager salary enance on office building sing expense es revenue labor wages expense materials purchases t on office building lies for factory Required 1. What is Emmet's direct materials used for the year ended January 31, 2018? (1 point) Tries 3/10 Previaus Tries 2. What is Emmet's cost af goods manufactured for the year ended January 31, 2018? (1 point) 677690 Tries 2/10 Previous Tries 3. What is Emmet's SG&A expense for the year ended January 31, 2018? (1 point) SubmAnEwar Tries 0/10 4. What is Emmet's gross margin percentage for the year ended January 31, 201B? State with three decimal places (nat two); e.g., .37545 would be entered as 37.545 (1 point) SUbmit ATRWEr Tries 0/10 s what if there was an error in counting raw materials ending inventory and the correct amount as of January 31, 2018 should have been $0 f the error is not corrected, what is the amount by which net operating income is over or under stated? Enter an overstatement as a positive number and an understatement as a negative number. (1 point) ubmit Anwwer Tries of10