StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March:

S Raw materials Work in process Finished goods Beginning Inventory $ 28,100 Inventory $ 25,300 22,200 45,600 79,400 68,900 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 Required: $ 41,300 1,800 63,900 36,000 24,900 237,600 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. Stor Smart Company Income Statement For the Month of March Sales Revenue Less: Cost of Goods Sold Beginning Finished Goods Inventory Less: Ending Finished Goods Inventory Cost of Goods Sold Gross Profit Net Income (Loss) from Operations