What is the answer to this problem?

X To edit and save, sign in with a subscription. 13 . The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: A. Purchased $168,500 of materials. B. Used $149,250 of direct materials in production. C. Incurred $360,000 of direct labor wages. D. Incurred $120,000 of factory overhead. E. Transferred $600,000 of work in process to finished goods. F. Sold goods for $875,000. G. Sold goods with a cost of $525,000. H. Incurred $125,000 of selling expense. I. Incurred $80,000 of administrative expense. Using the information given, complete the following: 1. Prepare the January income statement for Digital Vibe Manufacturing Company. Answer Check Figure: Net income, $145,000 2. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations