please help me with this question. i will give up vite for correct answer.
Antioch Company makes eBook readers. The company had the following amounts at the beginning of Year 2: Cash, $673.000 : Raw Materials Inventory, \$67,000; Work in Process Inventory, $36,000; Finished Goods inventory. $50,000; Common Stock, $590,000; and Retained Earnings, $236,000. Antioch experlenced the following accounting events during Year 2 . Other than the adjusting entries for depreciation, assume that all transactions are cash transactions. 1. Paid $33.000 of research and development costs. 2. Paid $57.000 for raw materlals that will be used to make eBook readers. 3. Placed $84,000 of the raw materials cost into the process of manufacturing eBook readers. 4. Paid $63,000 for salanies of selling and admintistrative employees 5. Paid $94,000 for wages of production workers. 6. Paid $86,000 to purchase equipment used in selling and administrative offices. 7. Recognized depreciation on the office equipment. The equipment was acquired on January 1, Year 2 . it has a $16.000 salvage value and a seven-year ilfe. The amount of depreciation is computed as ('Cost - salvage) - useful ilfe), Specifically. (\$86,000 $16,000)=7=$10,000 8. Paid $152,000 to purchase manufacturing equipment. 9. Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1 , Year 2 . it has a $26,000 salvage value and a nine-year ife. The amount of depreciation is somputed as [(Cost - salvage) - useful ife]. Specifically. ($152,000$26,000)9=$14,000. 10. Paid $53,000 for rent and utility costs on the manufacturing faclity. 11. Paid $78,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, saiartes of warehouse personnel, and other general storage cost). 12. Completed and transferred eBook readers that had total cost of $256,000 from work in process inventory to finished goods. 13. Sold 930 eBook readers for $432,000 14. It cost Antioch $148,800 to make the eBook readers sold in Event 13. Required: o. Show how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model c-1. Prepare a schedule of cost of goods manufactured and sold for the year c-2. Prepare a formal income statement for the year. c-3. Prepare a balance sheet for the year Complete this question by entering your answer in the tabs below. Prepare a schedule of cost of goods manufactured and sold for the year. (Amounts to be deducted should be indicated with a minus sign.) Requlred: a. Show how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financlai statements model. c-1. Prepare a schedule of cost of goods manufactured and sold for the year. c-2. Prepare a formal income statement for the year c-3. Prepare a balance sheet for the year. Complete this question by entering your answer in the tabs below. Prepare a formal income statement for the year. Required: 0. Show how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model. c-1. Prepare a schedule of cost of goods manufactured and sold for the year. c-2. Prepare a formal income statement for the year. c-3. Prepare a balance sheet for the year. Complete this question by entering your answer in the tabs below. Prepare a balance sheet for the year
