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. Debit Credit $ 71,000 40,000 25,000 Cash Accounts receivable Rav materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock 9,000 3,000 $ 9,500 12,500 30,000 2, 000 187,000 Retained earnings (prior year) Sales Cost of goode sold Factory overhead General and administrative expenses 101,000 24,000 48,000 $ 321,000 Totals $ 321,000 These six documents must be processed to bring the accounting records up to date. Materialn requisition 101 Materials requisition 11: Materials requisition 121 Labor time ticket 521 $ 4,000 direct materials to Job 402 $ 7,100 direct materials to Job 404 $ 1,700 indirect materiala $ 4,000 direct labor to Job 402 $ 16,000 direct labor to Job 404 $ 5,000 indirect labor Labor time ticket 531 Labor time ticket 541 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. BERGO BAY COMPANY List of Account Balances December 31 Debit Credit 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