(USING EXCEL INDIVIDUALLY SUBMIT THE FOLLOWING QUESTIONS) A. With the following transactions post in the respective Asset, Liability, Capital, Expense or Income accounts using the Cost of Good Sold and Accrual Base platform 1. You receive the earnings of the shares of $1000. 2. 100 pounds received with a direct materials bill of $ 600. 3. 40 pounds are used for production. 4. The salary for the direct work week is paid for $250. 5. The electricity bill is received for $ 120. 6. You pay $240 of the bill of materials. 7. The electricity is paid. 8. A sale of $ 1500 is made and the customer is billed. 9. The client pays us $ 800 of the invoice. 10. $ 800 is paid for selling and distribution expenses 11. An $ 8000 team was purchased with a loan. 12. The first year of the equipment was depreciated with a life of 8 years and a residual value of $2,000. B. Determine Cost of Product Manufactured and Sold. C. Prepare the Balance Sheet and Income Statement based on these transactions.