Conway Manufacturing Company was started on January 1, 2014. The company was affected by the following events during its first year of operation. 1. Acquired $1.800 cash from the issue of common stock. 2. Paid $550 cash for direct raw materials. 3. Transferred $430 of direct raw materials to work in process. 4. Paid production employees $690 cash. 5. Paid $350 cash for manufacturing overhead costs. 6. Applied $220 of manufacturing overhead costs to work in process. 7. Completed work on products that cost $1, 120. 8. Sold products that cost $880 for $1.600 cash. 9. Paid $350 cash for selling and administrative expenses. 10. Made a S80 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. (Enter decreases to account balances with a minus sign.)