Please show all your work and formulas(identify which formulas used)

P1.3A (LO 3), AN Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows. Indicate the missing amount of different cost items, and prepare a condensed cost of goods manufactured schedule, an income statement, and a partial balance sheet. Case $ 2 $ (g) 8,000 4,000 16,000 (h) 3,000 Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income 1 9,600 5,000 8,000 (a) 1,000 (b) 24,500 2,500 17,000 (c) 22,000 (d) 3,400 1,400 24,000 3,300 (k) 2,500 7,000 (1) 5.000 2,500 (1) Instructions a. Indicate the missing amount for each letter. b. Prepare a condensed cost of goods manufactured schedule for Case 1. Ending WIP $ 6,600 c. Prepare an income statement and the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $3,000, Receivables (net) $15,000, Raw Materials $600, and Prepaid Expenses $400. Current assets $29,000