QUESTION 25 McCann, Inc. manufactures and sells guitars. During April, started and completed production of 500 guitars, McCann engaged in the following transactions A) Paid $50,000 for materials that were used to make guitars in April B) Paid $30,000 of wages to production workers. C) Recorded $15,000 of depreciation on factory equipment D) Sold 400 guitars on account in April for $350/each. McCann recorded cost of goods sold at the time of sale, Required: Record the above transactions using the horizontal financial statements model. Be sure to identify the specific accounts affected by the transaction