Several items are omitted from the income statement andcost of goods manufacturedstatement data for two different companies for the month of December.

On Off Company Company Materials inventory, December 1 $84,590 $108,280 Materials inventory, December 31 (a) 122,360 Materials purchased 214,860 (a) Cost of direct materials used in production 226,700 (b) Direct labor 318,900 243,630 Factory overhead 98,970 121,270 Total manufacturing costs incurred in December (b) 700,570 Total manufacturing costs 806,980 961,520 Work in process inventory, December 1 162,410 260,950 Work in process inventory, December 31 137,040 (c) Cost of goods manufactured (c) 694,070 Finished goods inventory, December 1 142,960 121,270 Finished goods inventory, December 31 149,720 (d) Sales 1,246,860 1,082,800 Cost of goods sold (d) 700,570 Gross profit (e) (e) Operating expenses 162,410 (f) Net income (f) 240,380Required: 1. Determine the amounts of the missing items, identifying them by letter. Enter all amounts as positive numbers. Letter On Company Off Company b. C. d. e . f. Feedback 2. Prepare On Company's statement of cost of goods manufactured for December. On Company Statement of Cost of Goods Manufactured For the Month Ended December 31 Work in process inventory, December 1 v Direct materials: Materials inventory, December 1 y Purchases v Cost of materials available for use v Less materials inventory, December 31 v Cost of direct materials used in production vDirect labor v Factory overhead v Total manufacturing costs incurred during December Total manufacturing costs Less work in process inventory, December 31 v Cost of goods manufactured v Feedback 3. Prepare On Company's income statement for December. On Company Income Statement For the Month Ended December 31 Sales v Cost of goods sold: Finished goods inventory, December 1 v Cost of goods manufactured v Cost of finished goods available for sale v Less finished goods inventory, December 31 v Cost of goods sold v Gross profit Operating expenses Net income v