Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $76,750 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $78,650 and actual direct labor-hours were 2,400. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.)