Gibson Manufacturing Company was staited on January 1. Yeat 1. 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 $530 cash for direct raw materials. 3. Transferred $370 of direct raw materials to work in process. 4. Paid production employees $650 cash. 5. Paid $380 cash for manufacturing overhead costs. 6. Applied $220 of manufacturing overhead costs to work in process. 7. Completed work on products that cost $1.020 8. Sold products that cost $870 for $1,590 cash. 9. Paid $380 cash for selling and administrative expenses. 10. Made a $50 cash distribution to the owners: 11. Closed the Manufacturing Overhead account. Required o. 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. Record these events in a forizontal statements. model. The first everit is shown as an ecample. Notef Entar decreases to account balances with a minus sun Complete this question by entering your answers in the tabs Prepare a schedule of cost of goods manufactured and sold