Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process inventory, March 1 22,000 Work in process inventory, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Sales and administrative expenses 79,000 a. Prepare a statement of cost of goods manufactured. Zoe Corporation Statement of Cost of Goods Manufactured For the Month Ended March 31 Direct materials: Cost of direct materials used Total manufacturing costs incurred Total manufacturing costs Cost of goods manufactured b. Prepare an income statement for the month ended March 31. Zoe Corporation Income Statement For the Month Ended March 31 Cost of goods sold: Cost of goods sold Gross profit Operating expenses: c. Prepare the "inventory" section of the balance sheet. Zoe Corporation Balance Sheet March 31 Inventories: Finished goods Work in process Materials Total inventories