StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work in process Finished goods Beginning Inventory $28,800 22.300 78,100 Ending Inventory $25,600 46,900 68,200 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue $ 41,200 2,000 64,000 35,700 24,600 237,000 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, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare an income statement for the month of March STORSMART COMPANY Income Statement 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare an income statement for the month of March STORSMART COMPANY Income Statement For the Month of March Less: Cost of Goods Sold Cost of Goods Sold Net Income (Loss) from Operations