Perez Manufacturing Company was started on January 1 , Year 1 . The company was affected by the following events during its first year of operation. 1. Acquired $1,900 cash from the issue of common stock. 2. Paid $570 cash for direct raw materials. 3. Transferred $450 of direct raw materials to work in process. 4. Paid production employees $620 cash. 5. Paid $370 cash for manufacturing overhead costs. 6. Applied $200 of manufacturing overhead costs to work in process. 7. Completed work on products that cost $1,070. 8. Sold products that cost $870 for $1,620 cash. 9. Paid $380 cash for selling and administrative expenses. 10. Made a $70 cash distribution to the owners. 11. Closed the Manufacturing Overhead account. Required a. Record these events in a horizontal statements model. The first event is shown as an example. b. Prepare a schedule of cost of goods manufactured and sold. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured and sold