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 $55,600 of materials b. Used $41,800 of direct materials in production. c. Incurred $63,900 of direct labor wages. d. Incurred $90,100 of factory overhead. e. Transferred $149,600 of work in process to finished goods. f. Sold goods for $270,400. g. Sold goods with a cost of $119,000. h. Incurred $69,400 of selling expenses. i. Incurred $30,000 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods