Plwase provide all steps for part 2!

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Comparative Balance Sheet Comparative Income Statement Comparative Statement of Retained Earnings 1. Equipment with a cost of $24,000 on which depreciation has been recorded was sold for cash. Equipment was purchased using cash and a long-term note payable. 2. Stock was issued for cash. 3. Dividends were paid in cash. Manufacturing Process Information "Spartan Cases, Inc." started a small manufacturing plant that fabricates Aluminum Cases. The manufacturing process starts by acquiring aluminum from raw materials, molds them into the case form and then transfers them to finished goods. This process is completely automated. Direct material Aluminum is added 100% at the beginning of the process. Conversion costs are added equally throughout the process. Conversion is 40% complete for the beginning inventory work in process and 60% complete for the ending inventory work in process. At the beginning of the accounting period, "Spartan Cases, Inc." estimated that production would be 2,300 cases. Estimated factory overhead is $5,885.00. The estimated base for the predetermined overhead rate is 1,177 hours. This information is to be used to determine the application rate for overhead. - Estimated and actual direct labor costs totaled $8,234.40. - Actual factory overhead costs totaled $9,325.00. The following information is available concerning the direct materials. Direct Materials-Aluminum 0 The work in process account has the following information: Beginning Work in Process contains 500 Aluminum Cases with a cost transferred in of $3,814.00. Ending work in process contains 300 Aluminum Cases. The finished goods account has the following information: The selling price of the case is $100 per case and 1,900 cases were sold. Selling and Administrative Costs totaled $2,500 and the tax rate is 30%. Step (1) Determine the predetermined OH rate Step (2) Determine the total number of cases to account for-see example on page 9 Step (3) Determine the Equivalent Units Schedule - see example on page 9 Step (4) Determine the total costs for the aluminum and the unit aluminum cost per case. Step (5) Determine the total conversion cost and the conversion cost per case using the predetermined rate. Round your answer to the nearest cent if needed. Step (6) Determine the total equivalent cost per case (aluminum cost per unit, plus, the conversion cost per case). Step (7) Prepare a Cost of Production Report - see provided example on page 11. Use FIFO costing. Step (8) Ending WIP in Units and Dollars Step (9) Ending Finished Goods Inventory in Units and Dollars Step (10) COGS calculation Step (11) Over/Under Applied FOH Step (12) Prepare an Income Statement showing Gross Margin, Income before taxes, Tax Amount and Net Income. Round to the nearest dollar. Step (13) Prepare the necessary Journal Entries related to the manufacturing cycle for this accounting period. Use the account numbers in the chart of accounts, on the next page, instead of the accounts names when writing the journal entries. Comparative Balance Sheet Comparative Income Statement Comparative Statement of Retained Earnings 1. Equipment with a cost of $24,000 on which depreciation has been recorded was sold for cash. Equipment was purchased using cash and a long-term note payable. 2. Stock was issued for cash. 3. Dividends were paid in cash. Manufacturing Process Information "Spartan Cases, Inc." started a small manufacturing plant that fabricates Aluminum Cases. The manufacturing process starts by acquiring aluminum from raw materials, molds them into the case form and then transfers them to finished goods. This process is completely automated. Direct material Aluminum is added 100% at the beginning of the process. Conversion costs are added equally throughout the process. Conversion is 40% complete for the beginning inventory work in process and 60% complete for the ending inventory work in process. At the beginning of the accounting period, "Spartan Cases, Inc." estimated that production would be 2,300 cases. Estimated factory overhead is $5,885.00. The estimated base for the predetermined overhead rate is 1,177 hours. This information is to be used to determine the application rate for overhead. - Estimated and actual direct labor costs totaled $8,234.40. - Actual factory overhead costs totaled $9,325.00. The following information is available concerning the direct materials. Direct Materials-Aluminum 0 The work in process account has the following information: Beginning Work in Process contains 500 Aluminum Cases with a cost transferred in of $3,814.00. Ending work in process contains 300 Aluminum Cases. The finished goods account has the following information: The selling price of the case is $100 per case and 1,900 cases were sold. Selling and Administrative Costs totaled $2,500 and the tax rate is 30%. Step (1) Determine the predetermined OH rate Step (2) Determine the total number of cases to account for-see example on page 9 Step (3) Determine the Equivalent Units Schedule - see example on page 9 Step (4) Determine the total costs for the aluminum and the unit aluminum cost per case. Step (5) Determine the total conversion cost and the conversion cost per case using the predetermined rate. Round your answer to the nearest cent if needed. Step (6) Determine the total equivalent cost per case (aluminum cost per unit, plus, the conversion cost per case). Step (7) Prepare a Cost of Production Report - see provided example on page 11. Use FIFO costing. Step (8) Ending WIP in Units and Dollars Step (9) Ending Finished Goods Inventory in Units and Dollars Step (10) COGS calculation Step (11) Over/Under Applied FOH Step (12) Prepare an Income Statement showing Gross Margin, Income before taxes, Tax Amount and Net Income. Round to the nearest dollar. Step (13) Prepare the necessary Journal Entries related to the manufacturing cycle for this accounting period. Use the account numbers in the chart of accounts, on the next page, instead of the accounts names when writing the journal entries