sheet LO P1, P2, P3, P4 Saved [The following information applies to the questions displayed below.] Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Invento and the accrued factory payroll (Factory Wages Payable) has not been recorded. Cash Accounts receivable Raw materials inventory Work in process inventory. Pinished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead General and administrative expenses Totals Debit $ 67,000 Credit 36,000 23,000 0 12,000 4,000 $ 11,100. 14,100 40,000 75,000 177,800 104,000. 27,000 45,000 $ 318,000 $ 318,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52: Labor time ticket 531 Labor time ticket 541 $ 4,900 direct materials to Job 4021 $ 7,100 direct materials to Job 4041 $ 1,800 indirect materials $ 7,000 direct labor to Job 402 $13,000 direct labor to Job 404 $ 5,000 indirect labor. Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Problem 15-3A (Algo) Part 4 Complete this question by entering your answers in the tabs below. Income Balance Sheet Statement Prepare an income statement. BERGO BAY COMPANY Income Statement For Year Ended December 31 $ 0 0 Prepare a balance sheet as of December 31. BERGO BAY COMPANY Balance Sheet As at December 31 Assets + Inventories 0 Total assets $ 0 Liabilities Total liabilities Total equity Total liabilities and equity 0 Equity 0 0