Complete this question by entering your answers in the tabs below. Required A Required B Record these events in a horizontal statements model. The first event is shown as an example. (Enter decreases to account balances with a minus sign.) Assets Event Cash , Net + Manufacturing Overhead Raw . Materials Work in Process Finished Goods Equity Common , Retained Stock - Earnings $ 2,500 + Revenue No. - Expense Income 1. $ 2,500 (550) + 5501 + 680 (680)| + (390) + 390 (220) + 220 + 1,080 1,570 + 1,570 + 10. (60) + (60) Total $ 2,390 + $ 170 + $ 550 + $ 900 + $ 1,080 = $ 2,500 + $ (60) $ 1,570 - $ 0 = $ 0 Required A Required B > Munoz Manufacturing Company was started on January 1, Year 1. The company was affected by the following events during its first year of operation. 1. Acquired $2,500 cash from the issue of common stock. 2. Paid $550 cash for direct raw materials. 3. Transferred $400 of direct raw materials to work in process. 4. Paid production employees $680 cash. 5. Paid $390 cash for manufacturing overhead costs. 6. Applied $220 of manufacturing overhead costs to work in process. 7. Completed work on products that cost $1,080. 8. Sold products that cost $870 for $1,570 cash. 9. Paid $380 cash for selling and administrative expenses. 10. Made a $60 cash distribution to the owners. 11. Closed the Manufacturing Overhead account. Required a. Record these events in a horizontal statements model. The first event is shown as an example. b. Prepare a schedule of cost of goods manufactured and sold