The following events took place for Technology Treasures Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $133,800 of materials. b. Used $94,100 of direct materials in production c. Incurred $184,480 of direct labor wages. d. Incurred $215,200 of factory overhead. e. Transterred $425,880 of work in process to finished goods. 1. Sold goods for $664,000. g. Sold goods with a cost of $360,000. h. Incurred $85,460 of selling expense. Required: Using the information given, complete the following: a. Prepare the January income statement for Technology Treasures Manufacturing Company. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Colons ( 4 will fill in where needed. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive: b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations: Accounts, Labels and Amount Descriptions a. Accounts Administrative expenses Cost of goods sold Revenues Selling expenses Labels For the Month Ended January 31 For the Year Ended January 31 January 31 Operating expenses Amount Descriptions Accounts, Labels and Amount Descriptions LaveIs a. For the Month Ended January 31 For the Year Ended January 31 January 31 Operating expenses Amount Descriptions Gross profit Gross loss Net income Net loss Total operating expenses a. Using the information given, prepare the January income statement for Technology Treasures Manufacturing Company. Be sure to complete the statement heading. Reler to the lists of Accounts, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Colons (?) will fill in where needed. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. b. Using the information given, determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. Materials inventory Work in process inventory Finished goods inventory