On january 6, nash's trading post, llc sells merchandise on account to harley inc. for $11,200, terms 2/10, n/30. on january 16, harley pays the amount due. prepare the entries on nash's trading post, llc’s books to record the sale and related collection. (omit cost of goods sold entries.) (credit account titles are automatically indented when amount is entered. do not indent manually.)

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.