Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns, it has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation, It also maintains a division that performs installation and warranty servicing in six metropolitan areas: The mission of Waterways is to manufacture quality parts that can be used for eflective irrigation projects that also conserve water. By that effort, the compary hopes to satisfy its customers, perform rapid and responsibie service, and serve the community and the emplovees who tepresent them in each community. The company has been growing rapidly, sumanagement is considering new ideas to help the company continue its growth and maintain the high quality of its products. Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO). Working with him from the compary's inception is Wirs brother, Ben, whose sprinkler designs andfideas about the installation of proper systems have been a msjor basis of the combany's success Ben is the vice president who oversecs all aspocts of design and production in the compatty. The tactory itsel is managed by Todd Senter who hires his line managers to supervise the factory employees. The factorymakes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines. The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six. local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the horne office under Henry Writer's direction because of the uniqueness of the company's products There is a small human resources departnent under the direction of Sally fentort a vice president who handles the employee papenwork, though hiring is actually perfocmed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing areas she oversees 10 well-trained salespeople The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president; she is a member of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records: A partial list of Waterways' accounts and their balances for the month of November follows: Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November 30 Raw Materials Inventory, October 31 Raw Materials Purchases Rent-Factory Equipment Repairs-Factory Equipment Salaries Sales Revenue Sales Commissions Work In Process Inventory October 31 Work In Process Inventory, November 30 72,000 41,250 52.700 38,000 184,500 47.000 4.500 325,000 1,350,000 40,500 52,700 42,000 Alist of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule. A list of accounts and their values are given above. From this information, prepare an income statement. A list of accounts and their values are given above. From this information, prepare a partial balance sheet for Waterways Corporation for the month of November. (List Current Assets in order of liquidity) I eTextbook and Media List of Accounts