3. Prepare a revised llst of account balances as of December 31. Hint Use the prior year's Retained Eamings balance of $78.000 in this Iist. 2a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over-or underapplied overhead. 2-b. Prepare the entry to dose any over-or underappled overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. In Factory Overhead T-account, enter amounts from part 1 related to factory ovechead, Detertine the emount of overt or underapplied overhead. 4. Prepare an Income statement for the year and a balance sheet as of December 31 . Hint Retained eamings 15$115.500 at the end of the current year 5. Assume that the $2400 on materials requisition 12 should have been direct materlals charged to Job 404 . Does this error result in overstatement or understatement of total assets? Complete this question by entering your answers in the tabs below. Assume that the $2,400 on materials requisition 12 should have been direct materials charged to J0b 404. Does this error result in overstatement or understatement of total assets on the balance sheet at December 31 ? 4. Prepare an Income statement for the year and a balance sheet as of December 31 . Hint Retained earrings is $115.500 at the end of the current year. 5. Assume that the $2,400 on materlals requisition 12 should have been direct mateciais charged to Job 404 Does th/s error result in overstatement or understatement of total assets? Complete this question by entering your answers in the tabs below. Prepare an income statement. Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead. Nate: Enter cebite pefare credits. Required Information The following information applles to the questions displayed below] Bergo Bay's accounting syztem generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work. (n Process Invertory. and the accrued factory payroll (Factory Wages Payable) has not been recorded. These six documents must be processed to bring the accounting recorda up to date tobs 402 and 404 are the orly joos in process at yearend. The predetermined overhead rate is 150 of ol dect abor zost