The Collins Company uses a job order costing system and apples manufacturing overhead cost to jobs on the base of the cost of materials used in production. At the beginning of the most recent year, the following estimates were made as a basis for computing the predetermined overhead rate for the year: manufacturing overhead cost, $200, 000: direct materials cost, $160, 000. The following transactions look place during the year (all purchases and services were acquired on account): Raw materials purchased, $86,000. Raw materials requisitioned for use in production (all direct materials), $98,000. Utility costs incurred in the factory, $15,000. Direct labor, $175,000 Indirect labor, $70, 000 Selling and administrative salaries, $125,000. Maintenance cash incurred in the factory, $15,000. Advertising costs incurred $89,000 Depreciation recorded for the year, $80, 000 (80% relates to factory assets and the remainder relates to selling, general and administrative assets). Rental cost incurred on buildings, $70, 000 (75% of the space is occupied by the factory, and 25% is occupied by sales and administration). Miscellaneous selling, general, and administrative costs incurred $11, 000 Manufacturing overhead cost was applied to jobs as per company policy Cost of goods manufactured for the year, $500, 000 Sales for the year totaled $1, 000, 000. These goods cost $600, 000 to manufacture. Required:Prepare journal entries for each of the above transactions.