Check my work 4 Morrison Company Balance Sheet Assets Cash Raw materials Work in process Finished goods Prepaid expenses Property, plant, and equipment (net) Total assets Liabilities and Stockholders Equity Accounts payable Retained earnings Total liabilities and stockholders' equity $ 40,950 2.5 points $17,800 6,600 56,200 3,350 124,000 $224,500 $ 7,100 217,400 eBook $ 224 500 Print During January the company completed the following transactions: a. Purchased raw materials on account, $75,200 b. Raw materials used in production, $91,500($80.200 was direct materials and $11,300 was indirect materials) c. Paid $202,100 of salaries and wages in cash ($108,800 was direct labor. $41.700 was indirect labor, and $51,600 was related to employees responsible for selling and administration) d. Various manufacturing overhead costs incurred (on account) to support production, $43.350. e. Depreciation recorded on property, plant, and equipment $63,600 70% related to manufacturing equipment and 30% related to assets that support selling and administration) f Various selling expenses paid in cash, $41,600. g. Prepaid insurance expired during the month, $2100 (80% h. Manufacturing overhead applied to production, $138.600 i. Cost of goods manufactured, $309.200. j. Cash sales to customers, $422,160 k. Cost of goods sold (unadjusted), $304,400 I. Cash payments to creditors, $64,200 related to production, and 20% related to selling and administration).