Required Information Exercise 3-31 Manufacturing Cost Flows (LO 3-2, 3-5, 3-6) [The following informotion opplies to the questions disployed below] Reimel Furniture Compony, Inc, incurred the following costs during 202. During 202, manufacturing overhesd of $180,000 was applied to production. Products costing $121,000 were finished. and products costing $132,000 were sold on account for $195,000. There were no purchsses of raw material during the yeor. The beginning bolances in the firm's inventory occounts ore as follows: Exerclse 3-31 Pert 1 Required: 1. Prepore T-sccounts to show the flow of costs through the compony's menufecturing sccounts during 202 Required Information Exercise 3-31 Manufacturing Cost Flows (LO 3-2, 3-5, 3-6) [The following informotion opplies to the questions disployed below.] Reimel Furniture Compony, Inc, incurred the following costs during 202. During 202, manufacturing overhesd of $180,000 wos applied to production. Products costing $121,000 were finished. and products costing $132,000 were sold on account for $195,000. There were no purchases of row material during the yeor. The beginning bolances in the firm's inventory occounts ore os follows: Exerclse 3-31 Part 2 2. Prepore a portiol balance sheet and o portial income statement to reflect the information given above. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet