Supreme Videos, Inc., produces short musical videos for sale to retail outlets. The companys balance sheet accounts as of January 1, the beginning of its fiscal year, are given below:

Supreme Videos, Inc. Balance Sheet January 1
Assets
Current assets:
Cash		$82,000
Accounts receivable		121,000
Inventories:
Raw materials (film, costumes)	$49,000
Videos in process	22,000
Finished videos awaiting sale	100,000	171,000
Prepaid insurance		12,800
Total current assets		386,800
Studio and equipment	768,000
Less accumulated depreciation	229,000	539,000
Total assets		$925,800
Liabilities and Stockholders' Equity
Accounts payable		$128,800
Capital stock	$508,000
Retained earnings	289,000	797,000
Total liabilities and stockholders' equity		$925,800

Because the videos differ in length and in complexity of production, the company uses a job-order costing system to determine the cost of each video produced. Studio (manufacturing) overhead is charged to videos on the basis of camera-hours of activity. The companys predetermined overhead rate for the year is based on a cost formula that estimated $360,000 in manufacturing overhead for an estimated allocation base of 9,000 camera-hours. The following transactions were recorded for the year:

a.	Film, costumes, and similar raw materials purchased on account, $204,000.
b.	Film, costumes, and other raw materials issued to production, $219,000 (75% of this material was considered direct to the videos in production, and the other 25% was considered indirect).
c.	Utility costs incurred in the production studio, $91,000 for account.
d.	Depreciation recorded on the studio, cameras, and other equipment, $103,000. Three-fourths of this depreciation related to actual production of the videos, and the remainder related to equipment used in marketing and administration.
e.	Advertising expense incurred, $149,000 for account.
f.	Costs for salaries and wages were incurred as follows:

Direct labor (actors and directors)	$	101,000
Indirect labor (carpenters to build sets,
costume designers, and so forth)	$	129,000
Administrative salaries	$	114,000

g.	Prepaid insurance expired during the year, $8,900 (70% related to production of videos, and 30% related to marketing and administrative activities).
h.	Miscellaneous marketing and administrative expenses incurred, $10,500 for account.
i.	Studio (manufacturing) overhead was applied to videos in production. The company recorded 9,500 camera-hours of activity during the year.
j.	Videos that cost $569,000 to produce according to their job cost sheets were transferred to the finished videos warehouse to await sale and shipment.
k.	Sales for the year totaled $963,000 and were all on account. The total cost to produce these videos according to their job cost sheets was $619,000.
l.	Collections from customers during the year totaled $869,000.
m.	Payments to suppliers on account during the year, $519,000; payments to employees for salaries and wages, $326,000.

Required:
1&2.	Prepare a T-account for each account on the companys balance sheet, and enter the beginning balances. Make an entry directly into the T-accounts for transactions (a) through (m).