Help Save & Edit The following information applies to the questions displayed below! Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll Factory Wages Payable) has not been recorded. 16 Part 4 of 4 1.5 Doints Cash Accounts receivable raw materials inventory Work in procesu Inventory Finished goods inventory Prepaid rent Mccounts payable Notes payable Common atok Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals Debit Credit $ 80,000 49,000 29,500 . 12.000 4.000 $ 11,600 14,600 40,000 87,000 214.300 120.000 26,000 42.000 $367,500 $367.50 ebook Print After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Materials requisition 21-3010: Materials requisition 21-30111 Materials requisition 21-30121 Labor time ticket 60521 Labor time ticket 6053: Labor time ticket 6054 $ 4,000 direct materials to Job 402 5 7.800 direct materials to Job 404 $ 2,000 indirect materiala $ 5.000 direct labor to Job 402 $15,000 direct labor to Job 404 $. 5.000 indirect labor Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 150% of direct labor cost 4. Prepare an income statement for 2019 and a balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare an income statement for 2019. BERGAMO BAY COMPANY Income Statement For Year Ended December 31, 2010 $ Balance Sheet > After examining various files, the manager identifies the following six source documents that need to be processe bring the accounting records up to date. + 4 of 4 Materials requisition 21-30101 Materials requisition 21-30111 Materials requisition 21-30121 Labor time ticket 6052: Labor tine ticket 6053 Labor tine ticket 6054: $ 4,800 direct materials to Job 402 $ 7.800 direct materials to Job 404 $ 2.000 indirect materials $5,000 direct labor to Job 402 $15,000 direct labor to Job 404 $5,000 indirect labor Book Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 150% of direct la Print 4. Prepare an income statement for 2019 and a balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare a balance sheet as of December 31, 2019. www BERGAMO BAY COMPANY Balance Sheet December 31, 2019 Assets Inventories 0 Total assets $ 0 Liabilities and equity Total liabilities 0 0 Total stockholders' equity Total liabilities and equity $ 0
