The following evenis" cook place for Digital Vibe Manactuning company ounng March, 1 a. Purchased $48,900 of materials. b. Used $37,700 of direct materials in production. c. Incurred $56,200 of direct labor wages. d. Incurred $79,200 of factory overhead. e. Transferred $131,500 of work in process to finished goods. f. Sold goods for $235,200. g. Sold goods with a cost of $104,600. h. Incurred $60,100 of selling expense. i. Incurred $26,400 of administrative expense. Using the information given, complete the following: a Prenare the March income statement for Digital Vibe Manufacturing Company. Determine the inventory balances at the end of the first month of operations