Gibson Manufacturing Company was started on January 1, 2018, when It acquired $2,700 cash from the issue of common stock. During the first year of operation, $1,500 of direct raw materials was purchased with cash, and $950 of the materials was used to make products. Direct labor costs of $1,700 were paid In cash. Gibson applied $710 of overhead cost to the Work In Process account. Cash payments of $710 were were made for actual overhead costs. The company completed products that cost $2,300 and sold goods that had cost $1.760 for $2,700 cash. Selling and administrative expenses of $550 were paid in cash. Required a. Prepare T-accounts and record the events affecting Gibson Manufacturing. Include closing entries. b. Prepare a schedule of cost of goods manufactured and sold, an Income statement, and a balance sheet. Complete this question by entering your answers in the tabs below. Reg A Req B CGM Sched Rey B Inc Stmt Reg B Bal Sheet Prepare T-accounts and record the events affecting Finch Manufacturing. Include closing entries. Cash Common Stock Raw Materials Retained Earnings Manufacturing Overhead Sales Revenue T0 0 Bal T 0 0 Work in Process Cost of Goods Sold Finished Goods Selling and Administrative Expenses (dl) REGA Req B CGM Sched >