The Wadena Compary reports the following information pertaining to the month of January: During January, the company purchased $40,000 of direct materials and incurred $90,000 of direct labor costs. Total manufacturing overhead costs for the month amounted to $55,000. Selling and administrative expenses amounted to $320,000, and the company's January sales amounted to $680,000, A. Prepare Menaga's schedule of the cost of finished goods manufactured. Cost of fonished goods manufactured B. Prepare Menaga's income statement (ignore income taxes). WADENACOMPANY Income Statement For the Month Ended January 31 Soles Cost of goods sold Gross profit on sales Lers:Selling and administrative expenses Net income $ type your