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		$84,000
Accounts receivable		123,000
Inventories:
Raw materials (film, costumes)	$51,000
Videos in process	20,000
Finished videos awaiting sale	102,000	173,000
Prepaid insurance		13,200
Total current assets		393,200
Studio and equipment	772,000
Less accumulated depreciation	231,000	541,000
Total assets		$934,200
Liabilities and Stockholders' Equity
Accounts payable		$133,200
Capital stock	$510,000
Retained earnings	291,000	801,000
Total liabilities and stockholders' equity		$934,200

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 $225,000 in manufacturing overhead for an estimated allocation base of 5,000 camera-hours. The following transactions were recorded for the year:

a.	Film, costumes, and similar raw materials purchased on account, $206,000.
b.	Film, costumes, and other raw materials issued to production, $221,000 (85% of this material was considered direct to the videos in production, and the other 15% was considered indirect).
c.	Utility costs incurred in the production studio, $93,000.
d.	Depreciation recorded on the studio, cameras, and other equipment, $105,000. 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, $151,000.
f.	Costs for salaries and wages were incurred as follows:

Direct labor (actors and directors)	$	103,000
Indirect labor (carpenters to build sets,
costume designers, and so forth)	$	131,000
Administrative salaries	$	116,000

g.	Prepaid insurance expired during the year, $9,100 (80% related to production of videos, and 20% related to marketing and administrative activities).
h.	Miscellaneous marketing and administrative expenses incurred, $10,700.
i.	Studio (manufacturing) overhead was applied to videos in production. The company recorded 8,000 camera-hours of activity during the year.
j.	Videos that cost $571,000 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 $967,000 and were all on account. The total cost to produce these videos according to their job cost sheets was $621,000.
l.	Collections from customers during the year totaled $871,000.
m.	Payments to suppliers on account during the year, $521,000; payments to employees for salaries and wages, $328,000.

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).