Problem 15-2A Source documents, journal entries, overhead, and financial reports LO P1, P2, [The following information applies to the questions displayed below.) Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Wages Payable) has not been recorded. Debit Credit Cash $ 69,000 Accounts receivable 38,000 Raw materials inventory 24,000 Work in process inventory Finished goods inventory 9,000 Prepaid ront 3,000 Accounts payable $ 11,000 Notes payable 14,000 30,000 Retained earnings 76,000 185,000 Cont of goods sold 110,000 Pactory overhead 26,000 Operating expenses 37,000 Totals $316,000 $316,000 0 Common stock Sales After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Materials requisition 21-30101 Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 60521 Labor timo tiekot 60531 Labor time ticket 60541 $ 4,600 direct materials to job 402 $ 7,600 direct materials to Job 404 $ 1,900 indirect materials $7,000 direct labor to Job 402 $13,000 direct labor to Job 404 $5,000 indirect labor Inhc an 2 and and are the onlusnite in race at Monrond The radioterminert vorhand rate is 100of itert lahornet Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Problem 15-2A Part 3 3. Prepare a revised trial balance. Credit BERGAMO BAY COMPANY Trial Balance December 31, 2019 Dobit Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wagos payable Notes payable Common stock Retained samnings Sales Cost of goods sold Factory overhead Operating expenses 0 Totals $ 0 4. Prepare an income statement for 2019 and a balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare an income statement for 2019. BERGAMO BAY COMPANY Income Statement For Year Ended December 31, 2019 0 Income statement Balance Sheet > BERGAMO BAY COMPANY Balance Sheet December 31, 2019 Assets Inventories 0 Total assets $ 0 Liabilities and equity Total liabilities 0 0 Total stockholders' equity Total liabilities and equity $ 0