Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Inventory and the accrued factory payroll (Factory Wages Payable) has not been recorded. Credit Debit $ 71,000 40,000 25,000 0 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 (prior year) Sales Coat of goods sold Factory overhead General and administrative expenses Totals $ 9,500 12,500 30,000 82,000 187,000 101,000 24,000 48,000 $ 321,000 $ 321,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 101 $ 4,000 direct materials to Job 402 Materials requisition 111 $ 7,100 direct materials to Job 404 Materials requisition 12 $ 1,700 indirect materiala Labor time ticket 52 $ 4,000 direct labor to Job 402 Labor time ticket 53: $ 16,000 direct labor to Job 404 Labor time ticket 541 $ 5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. 3. Prepare a revised list of account balances as of December 31. Hint: Use the prior year's Retained Earnings balance of $82,000 in this list. Credit BERGO BAY COMPANY List of Account Balances December 31 Debit Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wages payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead General and administrative expenses $ Totals 0 $ 0