I need the answers in the required part if u can see in the photo. All the required part. I'm not quite sure of my answer.

10 SO Name: Date Score c. Pa Program-Year-Section: Professor d. Fab Exercise VI e. De Robotics Inc., designs and fabricates movie props such as replica of jet- fighters and cybernetic robots. The company's balance sheet as of December 31, f. Pre 20x0, appears below: g. Shi Assets 150,000 h. O Cash Accounts receivable 400,000 i. Ma Inventories: j. Mo Raw materials 250,000 k. Pro Work in process 300,000 Finished goods 450,000 1,000,000 1. Co Prepaid insurance 50,000 Buildings and equipment 5,000,000 m. Pay Less accumulated depreciation 2,100,000 Total assets 2,900,000 4,500,000 Requi Liabilities and Stockholders' Equity Accounts payable Other Payables 750,000 1. Prep Capital stock Retained earnings 2,500,000 2. Red Total liabilities and stockholders' equity 1,250,000 3,750,000 4,500,000 Since each prop is a unique design and may require anything from a few 3. Ma hours to a month or more to complete, Robotics Inc., uses a job-order costing system. Manufacturing Overhead in the fabrication shop is charged to props off 4. Prep the basis of 80% of direct labor cost. The following transactions were recorded during the year 20x 1: a. Raw materials, such as wood, paints, and metal sheeting, were purchased off account, P800,000. b. Raw materials were issued to production, P900,000; P50,000 of this amount was for indirect materials. 5. Prep 6. Prep 194c. Payroll costs incurred and unpaid: direct labor, P1,200,000; indirect labor, ups such as replica P300,000; sales salaries P25,000; and administrative salaries, P50,000. d. Fabrication shop utilities costs incurred, all on account, P120,000. Sheet as of Decent e. Depreciation recorded for the year, P300,000 (P10,000 in sales department assets; P40,000 in administrative assets; and P250,000 in fabrication shop assets). f. Prepaid insurance expired, P48,000 (P40,000 related to fabrication shop operations; P2,000 to selling and P6,000 to administrative activities). 150 6 g. Shipping expenses incurred, on account, P400,000. 40 h. Other manufacturing overhead costs incurred, P170,000 (credit Accounts Payable) 0,000 i. Manufacturing overhead was applied to production. 0,000 Movie props costing P3, 100,000 to fabricate were completed during the year. 0.000 k. Props that had cost P3,300,000 to fabricate were delivered to customers who 1,006mm were then billed for P4,950,000. 1. Collections on account from customers, P5,000,000. 0.000 m. Payments on account to suppliers, P2,000,000; and payments to employees for 0,000 2,900 salaries and wages, P1,575,000.00. 4.5006 Required: 1. Prepare a 4-column general ledger account for each account on the company's balance sheet, and enter the opening balances. 2. Record the transactions in journal and post them in general ledgers. Create a 0.000 4-column general ledger account as needed. Prepare one ledger each for Sales, Cost of Sales, FO-Control, FO-Applied, Expense-Administrative D.000 3. 7504 and Expense-Selling accounts. 3. Make an entry in the journal to close any balance in the Manufacturing quire anything that Overhead account/s to Cost of Goods Sold, then post to general ledgers. 4. Prepare the following: Statement of Profit or Loss uses a job-order Statement of Financial Position op is charged top Statement of Changes in Equity for the year ended December 31, 20x1. (Do not prepare a schedule of cost of goods manufactured; all of the information needed for the income the year 20x/ statement is available in the journal and general ledgers you have eeting, were puree prepared.) 5. Prepare closing entries and post them in general ledgers. 6. Prepare Post-closing trial balance. 0. P50.000 of thor 195