Required information (The following Information applies to the questions displayed below] Reimel Furniture Company, Inc.. Incurred the following costs during 20x2. Raw material used Direct labor $173,000 322,000 "During 20x2, manufacturing overhead of $170,000 was applied to production. Products costing $121,000 were finished, and products costing $132,000 were sold on account for $193,000. There were no purchases of raw material during the year. The beginning balances in the firm's Inventory accounts arelas follows: Raw material Work in process Finished goods $ 226,000 18,000 28,000 2. Prepare a partial balance sheet and a partial income statement to reflect the information given above. Complete this question by entering your answers in the tabs below. Balance Sheet Income Stmt Prepare a partial balance sheet. REIMEL FURNITURE COMPANY, INC.