The following events took place for Rockhaven Biking Inc. during February, the first month of operations as a producer of road bikes:

Purchased $$191,700$ of materials.

Used $$164,900$ of direct materials in production.

Incurred $$140,000$ of direct labor wages.

Applied factory overhead at a rate of $70\%$ of direct labor cost.

Transferred $$386,800$ of work in process to finished goods.

Sold goods with a cost of $$383,400.$

Revenues earned by selling bikes, $$686,300.$

Incurred $$164,900$ of selling expenses.

Incurred $$61,300$ of administrative expenses.

a$.$ Prepare the income statement for Rockhaven Biking Inc. for the month ending February $28.$

Rockhaven Biking Inc.

Income Statement

For the Month Ended February $28$

$\backslash$table$[[$Line Item Description,Amount Amount$],[$:$,$$