If possible show the calculation Thank You Collins Industrie

If possible, show the calculation. Thank You!

Collins Industries, a manufacturer of parts for the automotive industry, closes its books and prepares financial statements at the end of each year. Collins Industries has the following trial balance of accounts at December 31,2011 Collins Industries Trial Balance of Account Balances 31-Dec-l1 DebitCredit Cash and marketable securities Accounts and notes receivable Raw materials inventory-all direct materials (12/31/2010) Work-in-process inventory (1 40,000 260,000 20,000 180,000 175,000 2,006,941 goods inventory (12/31/2010) Property, plant, and equipment (net) Accounts payable Notes payable (Due March 31, 2012) Bonds payable (6% per annum, due December 31, 2015) Paid -in capital Retained Earnings Sales Purchases of direct materials 780,656 40,000 50,000 500,000 100,000 1046,441 2.040,750 Direct labor Indirect factory labor Office salaries Sales salaries Utilities Property taxes Rent Maintenance and repairs, factory equipment Insurance expense Depreciation expense Freight expenses for materials purchases and sales Finished goods warehousing costs Quality inspection-manufacturing Bond interest expense Interest expense (notes payable) 682.650 10,000 325,006 100,000 150,000 50,000 120,000 23,000 10,000 40,000 120,000 80,000 43,000 25,000 64,000 22,500 10,750 Totals 4,557,847 4,557,847

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Collins Industries
Adjustment entries for the year ended December 31, 2011
Ref	Account title	Debit	credit
1	Sales	150000
	Accounts receivable		150000
	(Sales of December recorded in January 2012)
	Accounts receivable	10000
	Sales		10000
	(Allowance grated for damaged goods)
2	Interest expense	3000
	Accounts payable		3000
	(Interest @6% on note payable of $50,000)
3	Prepaid expenses	2000
	Property taxes		2000
	(Property taxes for Jan.\'2012 - Oct.\'2012 accounted)
4	Bond interest expense	7500
	Interest payable		7500
	(Bond interest @6% p.a., for the last quarter)
5	Freight on raw material purchases	30000
	Freight on sales	13000
	Freight expenses for material purchases and sales		43000
	(Freight expenses bifurcated)
7	Prepaid expenses	40000
	Insurance expense		40000
	(Insurance expense paid for Jan.2012 to June.2012 accounted)
8	Sales discounts	40000
	Purchase of raw material		30000
	Discounts		10000
	(Discounts amount bifurcated )
9	Property, plant and equipment	6000
	Direct labor		6000
	(Direct labor utilised for installation of equipment accounted)
	Depreciation expense	375
	Accumulated depreciation - equipment		375
	(Depreciation on the labor cost accounted)
	Property, plant and equipment	5000
	Maintenance and repairs - factory equipment		5000
	(Inventory of material utilised for installation of equipment accounted)
	Depreciation expense	1042
	Accumulated depreciation - equipment		1042
	(Depreciation on the inventory cost accounted)
10	Direct labor	40000
	Office salaries	15000
	Sales salaries	15000
	Salaries and wages payable		70000
	(Accrued salaries and wages accounted)
a	Raw materials	682650
	Purchase of raw materials		652650
	Freight on raw material purchases		30000
	(Cost of raw materials purchases transferred to raw material inventory)
b	Cost of goods sold	677650
	Raw material		677650
	(Raw material consumed during the year accounted)
c	Cost of goods sold	835806
	Direct labor		359006
	Indirect factory labor		100000
	Utilities		120000
	Property taxes   (80% for manufacturing)		16800
	Insurance expense (70% for manufacturing)		56000
	Depreciation expense		60000
	Finished goods wahrehousing costs		25000
	Maitnenance and repair - factory equipment		35000
	Quality inspection - manufacturing		64000