Baird Manufacturing Company was started on January 1, Year 1. The company was affected by the following events during its first year of operation. 1. Acquired $2,500 cash from the issue ofcommon stock. 2. Paid $590 cash for direct raw materials. 3. Transferred $410 of direct rain.r materials to work in process. 4. Paid production employees $610 cash. 5. Paid $330 cash for manufacturing overhead costs. 6. Applied $225 of manufacturing overhead costs to work in process. 1 Completed work on products that cost $1,020. 8. Sold products that cost $820 for $1,630 cash. 9. Paid $3?0 cash for selling and administrative expenses. 10. Made a $60 cash distribution to the owners. 11. Closed the Manufacturing Overhead account. Require cl :1. Record these events in a horizontal statements model. The first event is shown as an example. In. Prepare a schedule of cost of goods manufactured and sold. a. Record these events in a horizontal statements model. The first event is shown as an example. b. Prepare a schedule of cost of goods manufactured and sold. Complete this question by entering your answers in the tabs below. Required A Required B Record these events in a horizontal statements model. The first event is shown as an example. Note: Enter decreases to account balances with a minus sign. Event Assets = Stockholders' Equity Number Cash Manufacturing Raw Work in Finished Common Retained Net Overhead + Materials Process Goods Stock Earnings Revenue 1 - 1 Expense = Income 1 . $ 2,500 + + + + $ 2,500 = 2. + + + + 3 + + 4 + + + 5 6. + + 7 + + + + 8a. + + + + 8b. + + + + + 9 + + + + + 10 + + + + 11. + + + Total $ 2,500 + $ 0 + 0 + 0 + 69 0 $ 2,500 + $ 0 0 $ 0 Complete this question by entering your answers in the tabs below. Required A Required E Prepare a schedule of cost of goods manufactured and sold. Raw materials available I Raw materials used . Total manufacturing costs . Total work in process inventory . Cost of goods manufactured . Cost of goods available for sale . Cost of goods sold _ ( Required A