EZ LIFTEES LLC led by their CEO, Teddy Roosevelt is a manufacturer of fork lifts for. EZ is based out of Broome County in Upstate New York and uses a job order costing system.

Balances of assets at 1/1/22 were as follows:

Cash $ 65,000

Accounts Receivable $ 65,000

Raw materials $ 90,000

Work in process $ 50,000

Finished goods $ 40,000

The company applies overhead using a predetermined overhead rate based on direct labor hours. At the beginning of the year, they estimated 30,000 machine hours, 40,000 labor hours and incur $ 440,000 in manufacturing overhead. The following transactions were recorded for 2022. All transactions on account.

1. Raw Materials purchased $ 175,000
2. Raw Materials were put to use and transferred to work in process $ 185,00 in direct materials and $ 40,000 on indirect components
3. The following employee costs were incurred during 2022, labor in the assembly plant included (36,000 of direct labor hours at the cost of $ 520,000), (factory supervisor $ 80,000) (administrative salaries $115,000).
4. Office supplies expense incurred $ 10,000
5. Factory utilities incurred $ 25,000
6. Property taxes on Factory for period 10/1/22 thru 9/30/23 = $60,000
7. Depreciation for the year was a total of $ 300,000, 80 % for factory 20 % for corporate headquarters
8. Manufacturing overhead was applied to jobs.
9. Goods completed and transferred to finished goods were $ 750,000
10. Phones were sold for $ 875,000, product costs for these sales were $ 650,000
11. Close out misapplied overhead (if any) as applicable to COGS
12. EZ collected all account receivable, paid off all salaries payable and paid off accounts payable

Prepare appropriate journal entries for a thru l above; assume transactions a thru j are recorded on account. Post activity to T accounts. Prepare income statement in good form period ended 12.31.22.

BONUS how much cash did they have at 12/31/22 -

Besides cash what other assets do they have on hand at 12/31/22