Baird Corporation builds sailboats. On January 1. Year 3, the company had the following account balances: 585,000 for both cash and common stock. Boat 25 was started on February 10 and finished on May 31. To buald the boat, Baird had incurred cash costs of $6.800 for labor and $5,450 for materials. During the same period, Baird paid $8,810 cash for actual manufacturing overhead costs. The company expects to incur $182.000 of indirect overhead cost during Year 3 . The overhead is allocated to jobs based on direct labor cost. The expected total labor cost for the year is $140,000. Baird uses a just-in-time inventory management system. Consequently, it does not have raw materals inventory. Raw materials purchases are recorded directly in the Work in Process Inventory account Required a. Use the horuzontal financlat statements model to record Baird's business events. The first row shows beginning balances. b. If Baird desires to earn a profit equal to 10 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 c the actual or the estimated cost of the boat? Complete this question by entering your answers in the tabs below. Use the horizontal financial statements model to record Baird's business events, The first row shows beginning balances. Note: Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Complete this question by entering your answers in the tabs below. If Baird desires to earn a profit equal to 10 percent of cost, for what price should it Note: Do not round intermediate calculations. Round your final answer to 2 decimal If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory on the balance sheet for Boat 25? Note: Do not round intermediate calculations. Is the amount of inventory you calculated in Requirement c the actual or the estimated cc