Baird Manufacturing Company was started on January 1, Year 1. The company was affected by the following events during its first year ofoperation. 1. Acquired $2,500 cash from the issue of common stock. 2. Paid $590 cash for direct raw materials. 3. Transferred $410 of direct rav.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. 3\". Completed work on products that cost $1,020. 3. Sold products that cost $820 for $1,630 cash. 9. Paid $370 cash for selling and administrative expenses. 10. Made a $60 cash distribution to the owners. 11. Closed the Manufacturing Overhead account. Required a. Record these events in a horizontal statements model. The first event is shown as an example. 1:. Prepare a schedule of cost ofgoods 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. Assets Stockholders' Equity Event Number Cash Manufacturing Raw Work in Finished Common Retained Net Overhead Materials Process + Goods Stock Earnings Revenue Expense = Income 1. $ 2,500 + + + + $ 2,500 + = 2. + + + + + 3. + + + + + 4. + + + + + 5. + + + + + 6. + + + + + 7. + + + + + Ba + + + + + 8b + + + + + 9 + + + + 10 + + + + 11. + + + Total $ 2,500 + $ + $ 0 + $ 0 + O = $ 2,500 $ 0 $ 0 0 $ Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of cost of goods manufactured and sold. BAIRD MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31, Year 1 Raw materials available 0 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 $