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. 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 Debit $ 73,000 42,000 26,000 0 15,000 5,000 Materials requisition 10: Materials requisition 11: 100,000 27,000 43,000 $ 331,000 Credit $ 9,300 12,300 50,000 77,000 182,400 $ 331,000 These six documents must be processed to bring the accounting records up to date. $ 4,900 direct materials to Job 402 $ 7,900 direct materials to Job 404

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 These six documents must be processed to bring the accounting records up to date Materials requisition 12: Labor time ticket 52 : Labor time tcket 53 : Labor time ticket 54 : \$2,48e indirect materials \$7, 700 direct labor to Job 402 $13,000 direct labor to Job 484 $5,e90 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 Complete this question by entering your answers in the tabs below. Prepare an income statement. Prepare a balance sheet as of December 31 . Liabilities \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline Total liabilities \\ \hline & \\ \hline & \\ \hline Total equity \\ \hline Total liabilities and equity & \\ \hline \end{tabular}