Jordan Modems, Inc. acquired a subsidiary named Anywhere, Inc. (AI). Al manufactures a wireless modem that enables users to access the Internet through cell phones. The following trial balance was drawn from the accounts of the subsidiary. The subsidiary completed the following transactions during Year 2. 1. Paid $57,390 cash for direct raw materials. 2. Transferred $47,830 of direct raw materials to work in process. 3. Paid production employees $76,530 cash. 4. Applied $50,690 of manufacturing overhead costs to work in process. 5. Completed work on products that cost $155,890. 6. Sold products that cost $136,760 for $174,070 cash. Record the recognition of revenue in a row labeled 6a and the cost of goods sold in a row labeled 6b. 7. Paid $19,130 cash for selling and administrative expenses: 8. Actual overhead costs paid in cash amounted to $52,590. 9. Closed the Manufacturing Overhead account. The amount of over-or underapplled overhead was insignificant (immaterial). 10. Made a $4,760 cash distribution to the owners. \begin{tabular}{c||c|c|c|c|c} \hline Req A & Req B & Req C inc Stmt & Req C Bal Sheet \\ \hline \end{tabular} or Anywhere, Inc, record the events in a financial statements model. The first event is shown as an example. (Enter decreases to account balances witl Prepare a schedule of cost of goods manufactured and sold. Prepare an income statement. Prepare a balance sheet