Please solve for the following sheet below.
Revenue Expenses Net Income Exercise 11.19A Parta only. The beginning balance and transactions 18 and 9 have been completed for you. Don't worry about calculation for ab. Cash Manufacturing Raw Work in Finished Common Retained Overhead Materials Process Goods Stock Earnings Beg. Bat. 12,000 2.400 1,600 4,000 10,000 10,000 1 2 1 4 Note for 4 Rate of $33 for 180 hours, Applied overhead reduces MOH while actual overhead increases MOH. 5 - 6 14 7 sa - -15,264 -15,264 15,264 -15,264 -60 9 -60 60 Total 12.000 60 2400 1.600 . -11,264 10.000 -5,324 0 15.324 -15,324 Problem 11-19A Manufacturing cost low for one-year period Blanding Manufacturing started in 2018 with the following account balances: LO 11-1, 11-2, 11-3 CHECK FIGURE b. Total assets: 521.076 Cash Common stock Retained carnings Raw materials inventory Work in process inventory Finished goods inventory (320 units & $12.50 each) $12,000 10,000 10,000 2,400 1,600 4,000 Transactions during 2018 1. Purchased $6.000 of raw materials with cash. 2. Transferred $7.500 of raw materials to the production department. 3. locurred and paid cash for 180 hours of direct labor @ $32 per hour. 4. Applied overhead costs to the Work in Process Inventory account. The predetermined overhead rate is $33.00 per direct labor hour. 5. Incurred ixtual overlad costs of $6,000 cash. 6. Completed work on 1,200 units for $12.80 per unit. 7. Paid $2,800 in selling and administrative expenses in cash. 8. Sold 1,200 units for $19.200 cash revenue (assume FIFO cost flow). 9. Blanding charges overapplied or underappliod overhead directly to Cost of Goods Sold. Required a. Record the preceding events in a horizontal statements model. The beginning balances are shown as an example Assets Cash + MOH + Raw M. + WIP + F. Goods Equity C. Stk. + Ret. Ear 10,000 10,000 Rev. - Exp. = Net Inc. 12,000 + NA + 2,400 + 1,600+ 4,000 NA - NA NA Directions Use the attached Excel template to complete Chapter 11 Problem 11-19A part a only on page 517 of the textbook. I filled out the template with beginning balances, and I also completed the rows for transactions 8b and 9