Transactions: 1. $10,000 dollars were received as Market Share earnings and deposited in cash 2. 200 material units were purchased for production by using a loan of $4,000 3 New packaging equipment was purchased using a loan of $9,000 The equipment has a life of 8 years and a residual value of $1,000 $1,000 4 The equipment is depreciated for one year 5 Of the materials units, 140 were used in production. 6. Electricty (Power) was paid for $470 7 The labor charges of the Quality Inspector and the Supervisor are paid for a total of $800 8 Sales department cosis were paid in the amount of $1,500 9. The Distnbution costs were paid for the amount of $2,000 10 A sales of 130 products were done at $80 per product Financial Iransactions Reports (30 Points) (File Response) Attach a file with the following reports A The transaction postings per account Asset, Liability, Equity. Expenses, and Income B Determine the Cost of Manufactured Goods and the Cost of Goods Sold C. The summary reports for the Balance Sheet and for the Income Statement