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 $ 170,000 75,000 80,000 0 15,000 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 Cost of goods sold Factory overhead General and administrative expenses Totals $ 17,000 25,000 50,000 271,000 373,000 218,000 115,000 60,000 $.736,000 $ 736,000 These six documents must be processed to bring the accounting records up to date. BERGO BAY COMPANY Income Statement For Year Ended December 31 0 Accounts payable Accounts receivable Cash $ $ 0 Common stock me Statement Cost of goods sold Factory overhead Factory wages payable Finished goods inventory General and administrative expenses er 31 Notes payable Prepaid rent Raw materials inventory Retained earnings Sales $ Work in nrocess inventory Work in process inventory Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a balance sheet as of December 31. BERGO BAY COMPANY Balance Sheet As at December 31 Assets As at December 31 Assets Inventories 0 Total assets $ 0 Liabilities Total liabilities 0 Liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0