[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 Inventory, and the accrued factory payroll (Factory Wages Payable) has not been recorded. These six documents must be processed to bring the accounting records up to date. Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Required: 1. Use the document information above to prepare journal entries for the above costs. Journal entry worksheet 5 Record direct materials used for Jobs 402 and 404. Note: Enter debits before credits. 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over- or underapplied overhead. 2-b. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determine the amount of over- or underapplied overhead. 3. Prepare a revised list of account balances as of December 31. Hint: Use the prior year's Retained Earnings balance of $81,000 in this list. 4. Prepare an income statement for the year and a balance sheet as of December 31. Hint: Retained earnings is $99,200 at the end of the current year. Complete this question by entering your answers in the tabs below. Prepare an income statement