Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's at knows something is wrong with the trial balance because it does not show any balance for Woden Process tory but does show a balance for the Factory Overhead account in addition, the accrued factory payou Factory Wages Payable has not been recorded Cubas 200 e 21 15. 54, sus the manager ettes the fingers Saved mull SLUCK Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals 20,000 84,800 215,000 184,000 24,888 54, eee $346,000 $346, eee Aiter examining various files, the manager identifies the following six source documents that need to bring the accounting records up to date. Materials requisition 21-3018: Materials requisition 21-30 Materials requisition 21-3012: borte ticket 66521 Labor time ticket 6053: $ 4,200 direct materials to Job 132 $ 7.700 direct materials toob $ 2,500 indirect materials $5,000 direct labor to 16 0 $15,808 direct labor toob 414 55.beo indirect labor JOE 102 and are the only Saved Required information Credit December 31, 2019 Debit Cash 79,000 Accounts receivable 48,000 Raw materials inventory 29,000 Work in process inventory 156,000 Finished goods inventory 6,000 Prepaid rent 2,000 Accounts payable Factory wages payable Notes payable Common stock Retained earnings Salos cost of goods sold 104,000 Factory overhead 31,500 Operating expenses 54,000 Total 509,500 $ 12,000 25,000 14,600 20,000 84,000 215,00 370,600 Required information Complete this question by entering your answers in the tabs belo Income Statement Balance Sheet Prepare an income statement for 2019. BERGAMO BAY COMPANY Income Statement For Year Ended December 31, 2019 0 0 Balang Chapter 15 Saved Required information Prepare a balance sheet as of December 31, 2019. BERGAMO BAY COMPANY Balance Sheet December 31, 2019 Assets Inventories 0 Total assets S Liabilities and equity Required information 0 Total assets $ 0 Liabilities and equity Total liabilities 0 Total stockholders' equity Total liabilities and equity S Income Statement Required information [The following information applies to the questions displayed below) Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Wages Payable) has not been recorded. Credit Debit $ 79,000 48, eee 29,000 e 6,eee 2,800 Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals $ 12,000 15, eee 20,000 84,000 215, eee 104,000 24,000 54,000 $346,00 $346,000 ! ! Required information December 31, 2019 Debit Credit Cash $ 79,000 48,000 29,000 156,000 6,000 2,000 Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wages payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals 12,000 25,000 14,600 20,000 84,000 215,000 104,000 31,500 54,000 509,500 $ $ 370,600 Required information Income Statement Balance Sheet Prepare an income statement for 2019. BERGAMO BAY COMPANY Income Statement For Year Ended December 31, 2019 0 $ 0