17 Benson Construction Company began operations on January 1, 2019, when it acquired $18,000 cash trom the ssuance of common stock. During the year, Benson purchased $2,800 of direct raw materials and used $2,600 of the direct materials. There were 110 hours of direct labor worked at an average rate of $6 per hour paid In cash. The predetermined overhead rate was $2.00 per direct labor hour. The company started construction on three prefabricated buildings. The job cost sheets reflected the following allocations of costs to each building Direct Direct Labor Materials Hours Job 600 Job 2 1,200 Job 3 26 54 30 The company pald S54 cash for Indrect labor costs. Actual overhead cost paid in cash other than Indirect labor was $150. Benson completed Jobs 1 and 2 and sold Job 1 for $1,448 cash. The company Incurred $130 of selling and administrative expenses that were paid in cash. Over-or underapplied overhead is closed to Cost of Goods Sold Required a. Record the preceding events In a horizontal statements model. The first event for 2019 has been recorded as an example. b. Reconcile all subsidiary accounts with their respective control accounts. C. Record the closing entry for over- or underapp lied manufacturing overhead In the horizontal statements model assuming that the amount is Insignificant d. Prepare a schedule of cost of goods manufactured and soid, an income statement, and a balance sheet for 2019. Complete this question by entering your answers in the tabs below Req A to Req D Req D Inc Req D B CGM StmtSheet Record the preceding events in a horizontal statements model. Reconcile all subsidiary accounts with their respective control accounts. Record the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model, assuming that the amount is insignificant. The first event for 2019 has been recorded as an example. (Enter costs of each job individually. Enter any decreases to account balances with a minus sign.) Show lessA Raw Work In Finis Ma Net Cash Man Process Goods Stock Income 18,000 18,000 Req A to C Req D CGM Sched > Complete this question by entering your answers in the tabs below Req A to Req D Req D Inc Req D Bal CGM StmtSheet Prepare a schedule of cost of goods manufactured and sold for 2019. BENSON CONSTRUCTION COMPANY Cost of Goods Manufactured and Sold for 2019 Raw materials available Raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Goods available for sale Cost of goods sold Req A to C > Req D Inc Stmt Complete this question by entering your answers in the tabs below Req A to ReqD Req D IncReq D Bal StmtSheet Prepare an income statement for 2019. BENSON CONSTRUCTION COMPANY Income Statement for 2019 Req D Bal Sheet Req D CGM Sched assuming that the amount is insign ficant d. Prepare a schedule of cost of goods manufactured and soid, an income statement, and a balance sheet for 2019. Complete this question by entering your answers in the tabs below Req A toR Req D Inc Req D Bal CGM Stmt Sheet Prepare a balance sheet for 2019. ENSON CONSTRUCTION COMPANY Balance Sheet for 2019 Assets Total assets Equity Total equity Req D Bal Sheet Req D Inc Stmt