P1.3 (LO 3), AN Incomplete manufacturing costs, expenses, and selling data for two different cases for the year ended December 31, 2022, are as follows. Case 1 2 Direct labor Direct materials used Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory $ 9,600 $ (g) 5,000 8,000 8,000 4,000 (a) 16,000 1,000 (h) (b) 3,000 Sales revenue 24,500 (10) Sales discounts 2,500 1,400 Cost of goods manufactured 17,000 24,000 Beginning finished goods inventory (c) 3,300 Cost of goods available for sale 22,000 (j) Cost of goods sold (d) (k) Ending finished goods inventory 3,400 2,500 Gross profit (e) 7,000 Operating expenses Net income 2,500 (f) (1) 5,000 Instructions a. Determine the missing amount for each letter. b. Prepare a condensed cost of goods manufactured schedule for Case 1. b. Ending WIP $6,600 c. Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $3,000, Accounts Receivable (net) $15,000, Raw Materials $600, and Prepaid Expenses $400. c. Current assets $29,000