Baird Corporation builds sailboats. On January 1, 2019, the company had the following account balances: $70.000 for both cash and common stock. Boat 25 was started on February 10 and finished on May 31. To build the boat, Baird had incurred cash costs of $6.900 for labor and $5,700 for materials. During the same period, Balrd paid $13.090 cash for actual manufacturing overhead costs. The company expects to Incur $256.500 of Indirect overhead cost during 2019. The overhead is allocated to jobs based on direct labor cost. The expected total labor cost for the year is $135.000. Balrd uses a Just-in-time Inventory management system. Consequently. It does not have raw materials Inventory. Raw materials purchases are recorded directly in the Work In Process Inventory account. Required a. Use the horizontal financial statements model, to record Baird's business events. The first row shows beginning balances. b. If Baird desires to earn a profit equal to 30 percent of cost, for what price should It sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work In Process Inventory and Finished Goods Inventory on the balance sheet for Boat 25? d. Is the amount of Inventory you calculated In Requirement cthe actual or the estimated cost of the boat? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Use the horizontal financial statements model, to record Baird's business events. The first row shows beginning balances. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) Cash Assets Work in Finished , Manufacturing + Process + Goods Overhead + Equity Common Retained Stock e arnings 70.0001 Revenue - Expense - Income 70.000 70.000 + 0+ 0 + 0 = 70.000 + 0 Required A Required B