Sorensen Manufacturing Company Income Statement For the Month Ended January 31 Revenues $fill in the blank 3 1,195,200 Cost of goods sold fill in the blank 5 672,300 Gross profit $fill in the blank 7 522,900 Operating expenses: Selling expenses $fill in the blank 9 214,100 Administrative expenses fill in the blank 11 124,500 Total operating expenses fill in the blank 12 338,600 Net income $fill in the blank 14 184,300 Determine the inventory balances at the end of the first month of operations. Round your answers to the nearest dollar. Sorensen Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory