Blanding Manufacturing started in Year 2 with the following account balances. Cash Common stock Retained earnings $5,100 4,445 5,900 2,200 Work in process inventory 860 Finished goods inventory (380 units @ $5.75 each) 2,185 Raw materials inventory Transactions during Year 2 1. Purchased $2,910 of raw materials with cash. 2. Transferred $3,820 of raw materials to the production department. 3. Incurred and paid cash for 230 hours of direct labor @ $15.70 per hour. 4. Applied overhead costs to the Work in Process Inventory account. The predetermined overhead rate is $16.20 per direct labor hour. 5. Incurred actual overhead costs of $3,800 cash. 6. Completed work on 1,210 units for $5.90 per unit. 7. Paid $1,060 in selling and administrative expenses in cash. 8. Sold 1,210 units for $10,500 cash revenue (assume FIFO cost flow). 9. 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. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3