2. During the current month, Barnum Company incurs the following manufacturing costs: (a) Purchased raw materials of $18,000 on account. (b) Incurred factory labor of $40,000. Of that amount, $31,000 relates to wages payable and $9,000 relates to payroll taxes payable. (c) Factory utilities of $3,100 are payable, prepaid factory property taxes of $2,700 have expired and depreciation on the factory building is $9,500. Required: Prepare journal entries for each type of manufacturing cost. [1 mark)