I JUST NEED REQUIRED 1 and 2 PLEASE.

Froyo Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses o job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours. Its predetermined overhead rate was based on a cost formula that estimated $382.500 of manufacturing overhead for an estimated allocation base of 850 direct labor-hours. The following transactions took place during the year o Raw materials purchased on account, $300,000 b. Raw materials used in production (all direct materials) $285,000 c Utility bills incurred on account, $79.000 (80% related to factory operations, and the remainder related to selling and administrative activities) d. Accrued salary and wage costs Direct labor (or hours) Indirect labor Selling and administrative salaries $ 330,000 $110,000 $ 210,000 e Maintenance costs incurred on account in the factory, $74.000 f Advertising costs incurred on account, $156,000 9 Depreciation was recorded for the year $92,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment). h. Rental cost incurred on account: $117.000 (85% related to factory facilities, and the remainder related elling and administrative facilities). 1. Manufacturing overhead cost was applied to jobs, $_? J. Cost of goods manufactured for the year. $970,000 k. Sales for the year (all on account) totaled $2,200,000. These goods cost $1000.000 according to their job cost sheets k. Sales for the year (oil on account totaled $2.200,000. These goods cost $1000.000 according to their job cost sheets The balances in the inventory accounts at the beginning of the year were: Raw Materials Work in Process Finished Goods 5.50,000 $41,000 $ 39,000 Required: 1. Prepare journal entries to record the preceding transactions 2. Post your entries to accounts (Don't forget to enter the beginning inventory balonces above) 3. Prepare a schedule of cost of goods manufactured 4A Prepare a journal entry to close any balance in the Manufacturing Overhead account to cost of Goods Sold 48. Prepare a schedule of cost of goods sold 5. Prepare an income stement for the year Complete this question by entering your answers in the tabs below. Rega Reg Reg 3 RA Regan Regs Prepare fournal entries to record the preceding transactions. (If no entry is required for a transaction/ etect "No journal entry required in the first account field.) Next