Rooney Manufacturing started in Year 2 with the following account balances.

Cash	$5,700
Common stock	$4,877
Retained earnings	$5,300
Raw materials	$1,600
Work in process inventory	$820
Finished goods inventory (340 units @ $6.05 each)	$2,057

Transactions during Year 2

1. Purchased $2,920 of raw materials with cash.

2. Transferred $3,830 of raw materials to the production department.

3. Incurred and paid cash for 240 hours of direct labor @ $15.20 per hour.

4. Applied overhead costs to the Work in Process Inventory account. The predetermined overhead rate is $16.50 per direct labor hour.

5. Incurred actual overhead costs of $4,000 cash.

6. Completed work on 1,240 units for $5.60 per unit.

7. Paid $1,150 in selling and administrative expenses in cash.

8. Sold 1,240 units for $10,500 cash revenue (assume FIFO cost flow).

9. Rooney charges overapplied or underapplied overhead directly to Cost of Goods Sold.

Required

a. Record the preceding events in a horizontal statements model. The beginning balances are shown as an example.

\begin{tabular}{|l||c|c|c|} \hline Req A & ReqBCGMSched & ReqBIncStmt & ReqBBalSheet \\ \hline \end{tabular} Record the preceding events in a horizontal statements model. The beginning balances are shown as an example. (Enter decreases to account balances with a minus sign.)