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Required information [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. 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. Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Prepare an income statement for 2019. (1) Required information \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Balance Sheet } & \\ \hline \multicolumn{1}{|c|}{ December 31,2019} & \\ \hline \multicolumn{1}{|c|}{ Assets } & & \\ \hline Cash & & \\ \hline Accounts receivable & & \\ \hline \multicolumn{1}{|c|}{ Inventories } & & \\ \hline & & \\ \hline Raw materials inventory & & \\ \hline Work in process inventory & & \\ \hline Finished goods inventory & & \\ \hline Total assets & & \\ \hline \multicolumn{1}{|c|}{ Liabilities and equity } & & \\ \hline Accounts payable & & \\ \hline Factory wages payable & & \\ \hline Notes payable & & \\ \hline Total liabilities & & \\ \hline Common stock & & \\ \hline Retained earnings & & \\ \hline Total stockholders' equity & \\ \hline \end{tabular}