2. Canada Capital Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year. a. Raw materials were purchased on account, $242,000. b. Raw materials were issued to production, $218,800 ($205,200 direct materials and $13,600 indirect materials). c. Direct labour cost was incurred, $111,600; indirect labour cost was incurred, $104,400. d. Depreciation was recorded on factory equipment, $41,600. e. Other manufacturing overhead costs were incurred during October, $81,200 (credit accounts payable). The company applies manufacturing overhead cost to production on the basis of $8.00 per machine-hour. There were 34,800 machine- hours recorded for October g. Production orders costing $600,000 according to their job cost sheets were completed during October and transferred to finished goods. h. Production orders that had cost $552,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold at 25% above cost. The goods were sold on account Required: a. Prepare journal entries to record the preceding information