Consider the following account balances (in thousands) for the Shaker Corporation In the Dec 31.2021 Cash $200,000 and Capital $2,000,000 and Retained earnings $1,500,000 The balances of raw materials, work in process, and finished goods at the beginning of 2021 were as follows: Raw materials inventory 130,000 Work-in-process inventory 140,000 Finished goods inventory 250,000 The shaker manufacturing company recorded the following transactions during 2021: a. Purchase land $70,000 and Factory supplies $90,000 for cash. b. Building $400,000 for cash. c. Purchase Machines $600,000 for Account. d. sales revenue $1,600,000 and sales allowance $150,000. e. Purchases $500,000. f. Purchases returns allowance discount $30,000. g. Freight in $40,000. h. Utility expense factory $20,000. i. Maintenance (40% Factory) $15,000. j. Insurance, Depreciation, salaries, rent (50% Factory) $700,000. k. Freight out, commission, advertising $75,000. I. Labor expenses $340,000. Note: end inventories after evaluation at Dec 31.2021: Raw materials $100,000, Work-in-process $190,000, Finished Goods $300,000 The company uses a periodic inventory system 1- Prepare an Adjusted trial balance (periodic), Income summary (periodic), Closing entries (Income summary) periodic, Manufacturing summary (periodic). 2- After closing Adjust trial balance (periodic)