StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Beginning Inventory Ending Inventory
Raw materials $ 33,000 $ 22,000
Work in process 25,000 44,000
Finished goods 60,000 58,000
Additional information for the month of March follows:

Raw materials purchases $ 84,000
Indirect materials used 10,000
Direct labor 55,000
Manufacturing overhead applied 85,000
Selling, general, and 58,000
administrative expenses
Sales revenue 450,000
Based on the above information, prepare an income statement for the month of March STOR SMART COMPANY