The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased 5259,000 of materials. b. Used $186,480 of direct materials in production. c. Incurred $466,200 of direct labor wages. d. Incurred $186,500 of fiactory overthead. e. Transferred $787,400 of work in process to finished goods. f. Sold goods for $1,243,200. 9. Sold goods with a cost of $699,300. h. Incurred $222,700 of selling expense. 7. Incurred $129,500 of administrative expense. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet. perform the required analysis, and input your answers in the questions below. Open spreadsheet Using the Informatoon given, complete the following: a. Prepare the January income statement for Sorensen Manufacturing Company, flound your answers to the nearest dollar. b. Determine the inventory balancessat the end of the first month of operations. Round your answers to the nearest dollar. The following events took place for Sorensen Manufacturing Company during January, the first month of its operations as a producer of digital video monitors Select the corresponding accounts in the dropdowns in cells B21 B23, B25. B26, B28. Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the C and D columns. Iransfer the numenC results for the green entry cells (D21 D23, C25-C26, D27 D28, C31: C33) into the appropriate fields in CNOWv2 for grading