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14 X Answer is not complete. Complete this question by entering your answers in the tabs below. art 4 of 4 Income Statement Balance Sheet

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14 X Answer is not complete. Complete this question by entering your answers in the tabs below. art 4 of 4 Income Statement Balance Sheet Ints Prepare an income statement for 2019. BERGAMO BAY COMPANY Income Statement For Year Ended December 31, 2019 Sales O $ 168,400 Cost of goods sold 114,000 X Gross profit 54,400 Operating expenses 37,000 Net income $ 17,400R 14 4. Prepare an income statement for 2019 and a balance sheet as of December 31, 2019. X Answer is not complete. art 4 of 4 Complete this question by entering your answers in the tabs below. Income Ints Statement Balance Sheet Prepare a balance sheet as of December 31, 2019. BERGAMO BAY COMPANY Balance Sheet December 31, 2019 Assets Cash 69,000 Accounts receivable 38,000 Inventories Raw materials inventory $ 38,000 X Work in process inventory O X Finished goods inventory 9,000 47,000Required information art 4 of 4 Inventories Raw materials inventory $ 38,000 X Work in process inventory V OX Finished goods inventory V 9,000 47,000 nts Total assets $ 154,000 Liabilities and equity Notes payable $ 14,800 Accounts payable 11,800 Factory wages payable Total liabilities 26,600 Retained earnings 94,000 X Common stock 30,000 Total stockholders' equity 124,000 Total liabilities and equity $ 150,600 14 Required infom'lation arm on {The following information applies to the questions displayed below} Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but mm does show a balance for the Factory Overhead account. In addition, the accrued factory payroll [Factory Wages Payable] has not been recorded. 3 k Debit Credit e \"'3 Cash 5 59.90:: Accounts receivable 30,000 PHnt Raw materials inventory 24,000 imamnces Work in process inventory 0 Finished goods inventory 9,000 Prepaid rent 3,000 Accounts payable $ 11,300 Notes payable 14,300 Common stock 30,000 Retained earnings 94,000 Sales 160,400 Cost of goods sold 114,000 Factory overhead 25,000 Operating expenses 37,000 Totals $319,000 $319,000 Alter examining various les. the manager identies the following six source documents that need to be processed to bring the accounting records up to date. arr 4 of 4 Materials requisition 213010 : 5 It, 100 direct materials to Job 402 Materials requisition 21-3011: $ 7, 600 direct materials to Job 4041 Materials requisition 21-3012 : 5 2, 300 indirect materials Labor time ticket 5052 : $ 4, 000 direct labor to Job 402 Ints Labor time ticket 6053 : $16, 000 direct labor to Job 404 Labor time ticket 605-1 : $ 5Ir I100 indirect labor 930\" Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor co! Prlnt r f e memes 4. Prepare an income statement for 2019 and a balance sheet as of December 31. 2019. Complete thls question by entering your answers In the tabs below. Income Statement Balance Sheet Prepare a balance sheet as of December 31, 2019

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