Antloch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $667000; Raw Materials Stock, $585,000; and $242,000. h experienced the following accounting events $59,000; 1 of 2 during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Pald $27,000 of research and development costs 2. Paid $55,000 for raw materials that will be used to make eBook readers. 3. Placed $87000 of the raw materials cost into the process of manufacturing eBook readers. 4. Paid for salaries of selling and administrative employees. 5. Paid $110,000 for wages of production workers. 6. Pald $73,000 7. Recognized depreciation on the office equipment. The equipment was acquired on Januery 1, 2018. It has a $13,000 to purchase equipment used in selling and administrative offices salvage value and a six-year life. The amount of depreciation is computed as (Cost- salvege)+ useful life) Specifically, ($73,000- $13,000) 6 $10,000. 8. Pald $193,000 to purchase manufacturing equipment 9. Recognized depreciation on the manufacturing equipment. The equipment was acqulred on January 1, 2018.It has a salvage value and a nine-year life. The amount of depreciation is computed as [(Cost - salvage) + useful life Specifically, ($193,000 $22,000) 9 $19,000 10. Pald $62,000 for rent and utility costs on the manufacturing facility. 11. Paid $74,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, salaries of warehouse personnel, and other general storage cost) 12. Completed and transferred eBook readers that had total cost of $257.000 from work in process inventory to finished 13. Sold 870 eBook readers for $421,000 14. It cost Antioch $165,300 to make the eBook readers sold in Event 13. ferences Problem 10-27 Parta Required a. Show how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal Prev 2 3 of 3 Next )