A job order cost sheet for Sandhill Company is shown below. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1 (2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to Odecimal places, eg. 55\%) (b) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92 . (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manualliy.)