The following events took place for Video Wave Manutacturing Company during January 2016, the first month of its operations as a producer of digital video monitors: a Purchased $133,400 of materials. b. Used $94,980 of direct materials in production c. Incurred $180,320 of direct labor wages. d. Incurred $215,440 of factory overhead. e. Transferred $425,880 of work in process to finished goods f. Sold goods with a cost of $368,750. g. Eamed revenues of S645,000. h. Incurred $85,120 of seling expense. i. Incurred $71,400 of administrative expense Required Using the information given, complete the foowing A Prepare the January 2016 income staterment for Video Wave Manufacturing Company. Reter to the Amount Descriptionis ist provided for the exact wording o the answer choices for text entres B. Determine the inventory balances at the end af the fwst month or operaions Using the information given, prepare the January 2016 income statemenf for Video Wave Manufacturing Company. Refer to the Amount Descriptions ist provided for the exact woruding of the answer choices for text entries. Video Wave Manufacturing Company Income Statement For the Month Ended January 31, 2016 4Operating expenses: 7 Total operating expenses Using the information given, delermine the inventory batances at the end of the first month of operations. given, determine the inventory batances at the end of the first month of operations Materials $ Work in process $ Finished goods S