The following data were taken from the cost records of the Bolly Company, for production of 100,000 units of finished goods, in the month of January 2022 :

$

Depreciation, factory equipment..........	30,000
Depreciation, office equipment............	7,000
Supplies, factory...................................	1,500
Maintenance, factory equipment..........	20,000
Utilities, factory	8,000
Salesmens salary & commissions	30,000
Indirect labor.........................................	54,500
Rent, factory building...........................	70,000
Direct labor cost....................................	80,000
Advertising expense..............................	90,000

Direct materials inventories as at 1 January 2022: 23,000

Purchases and freight-in of direct materials 125,000

Direct materials inventories as at 31 January 2022: 25,000

Work-in-process as at 1 January 2022: 33,000

Work-in-process as at 31 January 2022 34,000

Required:

1. Calculate the cost of goods sold, for each unit.
2. Prepare the Income Statement for the month of January 2022, if the selling price for each unit is $6.10.
3. Prepare the extracts of Current Assets in the Balance Sheet as at 31 January 2022