The following information is available for Larkspur Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $21,600 $31,200 Work in process inventory 14,400 18,000 Finished goods inventory 28,200 21,840 Materials purchased $156,000 Direct labor 228,800 Manufacturing overhead 187.200 Sales revenue 946,400 (a) Your answer is correct. Your answer is correct. Show the presentation of the ending inventories on the December 31, 2022, balance sheet. Current Assets Inventories Finished Goods LARKSPUR COMPANY Balance Sheet (Partial) December 31, 2022 ASSETS 21,840 Raw Materials Work in Process 31.200 18,000 71.040