Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Wages Payable) has not been recorded. Credit Debit $ 69,000 38,000 24,000 9,000 3,000 Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals $ 9,200 12,200 30,000 87,000 198,600 113,000 27,000 54,000 5337,000 $337,080 After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date Materials requisition 21-30101 Materials requisition 21-30111 Materials requisition 21-30121 Labor time ticket 052 Labor time ticket 60531 Labor time ticket 64054 $4,500 direct materials to Job 402 $ 7,700 direct materials to job 404 $ 2,300 indirect materials $ 6.000 direct labor to Job 402 $14,00 direct labor to Job 404 $ 5.000 indirect labor Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 150% of direct labor cost. 2-o. Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under. Or overapplied overhead for the year Determine whether there is any under or overapplied overhead for the year 2-b. Prepare the adjusting entry to allocate any over or underapplied overhead to Cost of Goods Sold, assuming the amount is not material 3. Prepare a revised trial balance. BERGAMO RAY COMPANY 4. Prepare an income statement for 2019 and a balance sheet as of December 31, 2019