Baskin Company uses a job-order costing system to manufactures large tiger cages for exotic pet owners. On January 1, the beginning of the current year, the companys inventory balances were as follows: Raw materials $ 22,500 Work in process $ 12,600 Finished goods $ 31,300 Baskin Company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 37,300 machine-hours and incur $154,795 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $226,000. b. Raw materials were requisitioned for use in production: $203,000 (85% direct and 15% indirect). c. Baskin Company used to operate solely with volunteers, but recently hired paid employees. The following costs were incurred for employee services: Direct labour $ 170,400 Indirect labour $ 29,600 Sales commissions $ 39,900 Admin salaries $ 85,200 d. Heat, power, and water costs were incurred in the factory: $47,850. e. Depreciation was recorded for the year: $67,800 (75% relates to factory operations, and 25% relates to selling and administrative activities). f. Manufacturing overhead cost was applied to production. The company recorded 42,600 machine-hours for the year. Required Prepare journal entries to record the transactions for the year.