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 Cash Accounts receivable Raw materials inventory Work i proceso inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earning Sales Coot of goods sold Factory overhead Operating expenses Totals Debit Credit $ 69,000 38,000 24,000 0 9,000 3,000 $ 11,600 14,600 30,000 78,000 193,800 105,000 26,000 54,000 $328,000 6320,000 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 21-30111 Materials requisition 21-30121 Labor time ticket 6052 Labor time ticket 6053 Lobor time ticket 60541 $ 4,300 direct materials to Job 402 87.400 direct materials to Job 404 $ 2,400 indirect materiala $5,000 direct labor to Job 402 $15.000 direct labor to Job 404 $ 5.000 indirect labor Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 150% of direct labor cost. 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 0 Income Statement Balance Sheet > Required information Prepare a balance sheet as of December 31, 2019. BERGAMO BAY COMPANY Balance Sheet December 31, 2019 Assets Inventories 0 $ 0 Total assets Liabilities and equity Total liabilities 0 Total stockholders' equity Total liabilities and equity $ 0