StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: materiais Wort in proces Yanished food Beginning Inventory $29,900 21,700 78.500 Ending Inventory $26.500 47.000 68.900 Additional information for the month of March follows: Indirect materials unod Direct Labor neturing overhedspolied Sollteneral and strative sales tev S40,000 1. 62.900 35,000 23.500 232.100 Required: 1. Based on the above information, prepare a cost of goods manufactured report 2. Based on the above information, prepare an income statement for the month of March StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: materiais Wort in proces Yanished food Beginning Inventory $29,900 21,700 78.500 Ending Inventory $26.500 47.000 68.900 Additional information for the month of March follows: Indirect materials unod Direct Labor neturing overhedspolied Sollteneral and strative sales tev S40,000 1. 62.900 35,000 23.500 232.100 Required: 1. Based on the above information, prepare a cost of goods manufactured report 2. Based on the above information, prepare an income statement for the month of March