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Click the icon to vi projects the follo Click the icon to vi he effects of each transaction on of each account.) by completing the ctions and contra asset balances Barker, Inc, has the following talance sheet at December 31,2024 (Chek the looc to vew the balance sheet) Barker projects the following tantactens for 2025 (Cick the inon to vew the transactions) Frepare a budgeted talance sheet for Barker, inc, for Decenber 31, 2025. (Hint it mxy the ensing balance of each account) Data table balance sheet for Barker, Inc, for Decemt pe effects of each transaction on the accou bt each account) ctions and contra asset balances and activ a. Sales on account, $20,000 by completing the in the equation lea b. Cash receipts from customers from sales on account, $17,600 c. Purchase of raw materials on account, $7,000 d. Payments on account, $3,500 e. Total cost of completed products, $16,600, which includes the following: Raw materials used, $7,100 Direct labor costs incurred and paid, $3,900 Manufacturing overtpad costs incurred and paid, $4,800 Depreciation on manufacturing equipment, $800 f. Cost of goods sold, $14,800 g. Selling and administrative costs incurred and paid, $500 h. Purchase of equipment, paid in 2025,$2,000 ctions and contra asset bal

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