I am needing assistance with the following items. Please advise.

8.

Jordan Manufacturing Company was started on January '1, Year 1, when it acquired $2,800 cash from the issue of common stock. During the first year of operation, $1,600 of direct raw materials was purchased with cash, and $1.000 of the materials was used to make products. Direct labor costs of $1,800 were paid in cash. Jordan applied $720 of overhead cost to the Work in Process account. Cash payments of $720 were were made for actual overhead costs. The company completed products that cost $2,400 and sold goods that had cost $1,840 for $2,800 cash. Selling and administrative expenses of $560 were paid in cash. Required a. Prepare T-accounts and record the events affecting Jordan Manufacturing. Include closing entries. b1. Prepare a schedule of cost of goods manufactured and sold. b2. Prepare an income statement. b3. Prepare a balance sheet. Prepare T-accounts and record the events affecting Jordan Manufacturing. Include closing entries. Cash Common Stock Debit Credit Debit Credit Ending Balance Ending Balance Raw Materials Retained Earnings Debit Credit Debit Credit Ending Balance Ending Balance Manufacturing Overhead Sales Revenue Debit Credit Debit Credit Ending Balance Ending Balance Work in Process Cost of Goods Sold Debit Credit Debit Credit Ending Balance Ending Balance Finished Goods Selling and Administrative Expenses Debit Credit Debit Credit Ending Balance Ending BalancePrepare a schedule of cost of goods manufactured and sold. Raw materials available Raw materials used Total manufacturing costs Total work in process inventory Goods available for sale Cost of goods sold Req A Req B1 Req B2 Req B3 Prepare an income statement. JORDAN MANUFACTURING COMPANY Income Statement For the Year Ended December, Year 1