Perez Corporation builds saibbats: On January 1, Year 3, the company had the following account balances: $80,000 for both cash and common stock. Boat 25 was started on February 10 and finished on May 31 . To bulld the boat, Perez had incurred cash costs of $4,100 for labor and $4,400 for materials. During the same period, Perez paid $8,170 cash for actual manufacturing overhead costs. The company expects to incur $260,000 of indirect overthead cost during Year 3 . The overhead is allocated to jobs based on direct labor cost. The expected total labor cost for the year is $130,000. Perez uses a fust in -time Inventory management system. Consequently, it does not have raw materials inventory Raw materials purchases are recorded directly in the Work in Process inventory occount. Required a. Use the horizontal financial statements model to record Perez's business events. The first row shows beginning balances b. If Perez desires to earn a profit equal to 20 percent of cost, for what price shouid it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods inventory on the balance sheet for Boat 25? d. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat? Complete this question by entering your answers in the tabs below. Use the horizontal finandal statements model to record Perez's business events. The first row shows beginning balances. Notei Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. . Use the horizontal financial statements model to record Perez's business events. The first row shows beginning balances. b. If Perez desires to earn a profit equal to 20 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods inventory on the balance sheet for Boat 25 ? d. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat? Complete this question by entering your answers in the tabs below. If Perez desires to earn a profit equal to 20 percent of cost, for what price should it sell the boat? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. a. Use the horizontal financial statements model to record Perez's business events. The first row shows beginning balances. b. If Perez desires to earn a profit equal to 20 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inventory the balance sheet for Boat 25 ? d. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat? Complete this question by entering your answers in the tabs below. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inventory on the balance sheet for Boat 25? Note: Do not round intermediate calculations. Required a. Use the horizontal financial statements model to record Perez's business events. The first row shows beginning balances. b. If Perez desires to earn a profit equal to 20 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inventory on the balance sheet for Boat 25 ? d. Is the amount of inventory you calculated in Requirement cthe actual or the estimated cost of the boat? Complete this question by entering your answers in the tabs below. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat