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 Compsny, Inc, incurred the following costs during 202. During 202, manufacturing overhesd of $180,000 wss applied to production. Products costing $122,000 were finished, and products costing $132,000 were sold on account for $193,000. There were no purchases of raw material during the year. The beginning bolences in the firm's inventory accounts are os follows: Exerclse 3-31 Part 1 Required: 1. Prepare T-accounts to show the flow of costs through the compeny's manufacturing accounts 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, manufocturing overheod of $180,000 was applied to production. Products costing $122,000 were finished, and products costing $132,000 were sold on eccount for $193,000. There were no purchases of raw material during the year. The beginning bolences in the firm's inventory accounts are os follows: Exerclse 3-31 Part 2 2. Prepare a portial bolance sheet and o partial income statement to reflect the information given above. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet