2. Prepare journal entries to record the transactions for 2021 below: a. Raw materials of $182,000 were purchased on credit. b. The total of stores requisitions for direct materials issued for the period was $165,000. c. The total issues for indirect materials for the period was $10,000. d. Gross wages of $185,000 were incurred during the period. The allocation of the gross wages for the period was as follows: direct wages $145,000 and indirect wages $40,000. e. Indirect factory expenses of $41,000 were incurred during the period. f. Depreciation of factory machinery was $30,000. g. Overhead expenses allocated to jobs by means of overhead allocation rates was $140,000 for the period. h. The cost of jobs completed and transferred to finished goods inventory was $300,000. 1. The revenue value of baked items withdrawn from inventory and delivered to customers was 400,000 for the period. j. The cost of baked items withdrawn from inventory and delivered to customers was $240,000 for the period. 3. The following data are for Honey Dee Store. The account balances (in thousands) are for 2021. Marketing and advertising costs $ 56,300 Merchandise inventory, January 1, 2021 115,800 Shipping of merchandise to customers 5,700 Depreciation on store fixtures 10,420 Purchases 655,000 General and administrative costs 74,800 Merchandise inventory, December 31, 2021 124,200 Merchandise freight-in 25,000 Purchase returns and allowances 32,400 Purchase discounts 22,600 800,000 Revenues a. Compute (a) the cost of goods purchased and (b) the cost of goods sold. b. Prepans the income statement for 2021.