Blanding Manufacturing started in Year $2$ with the following account balances.

Cash $$5,100$

Common stock $4,445$

Retained earnings $5,900$

Raw materials inventory $2,200$

Work in process inventory $860$

Finished goods inventory $(380$ units @ $$5\mathrm{.}75$ each$)2,185$

Transactions during Year $2$

Purchased $$2,910$ of raw materials with cash.

Transferred $$3,820$ of raw materials to the production department.

Incurred and paid cash for $230$ hours of direct labor @ $$15\mathrm{.}70$ per hour.

Applied overhead costs to the Work in Process Inventory account. The predetermined overhead rate is $$16\mathrm{.}20$ per direct labor hour.

Incurred actual overhead costs of $$3,800$ cash.

Completed work on $1,210$ units for $$5\mathrm{.}90$ per unit.

Paid $$1,060$ in selling and administrative expenses in cash.

Sold $1,210$ units for $$10,500$ cash revenue $($assume FIFO cost flow$).$

Blanding charges overapplied or underapplied overhead directly to Cost of Goods Sold.

Required

a$.$ Record the preceding events in a horizontal statements model. The beginning balances are shown as an example.

b$-1.$ Prepare a schedule of cost of goods manufactured and sold for Year $2.$

b$-2.$ Prepare an income statement for Year $2.$

b$-3.$ Prepare a balance sheet for Year $2.$