Beginning balances at $\frac{1}{1}\frac{?}{23}$ were as follows:

Raw materials $$70,000$

Work in process $$80,000$

Finished goods $$30,000.$

Cash $$15,000$

The company applies overhead using a predetermined overhead rate based on machine hours. At the beginning of the year, they estimated that it works $20,000$ machine hours and incur $$440,000$ in manufacturing overhead. Estimated direct labor for the year was $$250,000.$ The following transactions were recorded for $2023.$

a$)$ Raw Materials purchased $$180,000.$

b$)$ Raw Materials were requisitioned into production in the amount of $$150,000,90\%$ of this was direct components like titanium and steel, the other $10\%$ were for indirect supplies which was impractical to trace like screws, lubricants, misc. indirect supplies.

c$)$ The following employee costs were incurred during $2023,$ labor in the assembly plant $$220,000,$ factory janitor $$35,000,$ factory manager $$60,000,$ administrative salaries $$100,000.$

d$)$ Advertising expense incurred $$17,000.$

e$)$ Factory utilities $$25,000+$ corporate headquarters utilities $$6,000$

f$)$ Fire insurance on Factory for policy period $\frac{1}{1}\frac{?}{24}$ thru $\frac{12}{31}\frac{?}{24}=$$$140,000$

Depreciation for the year, using the straight $-$line basis was $$50,000$ for the office and $$300,000$ for the factory.

h$)$ Manufacturing overhead was applied to jobs. Jets actual machine hour activity for $2023$ turned out to be $20,500$ hours. This was more than the $20,000$ as predicted in the beginning of the year.

i$)$ Goods completed and transferred to finished goods were $$700,000.$

i$)$ Phones were sold for $$875,000$ that per the job costs sheets cost $650,000$

k$)$ Close out misapplied overhead $($if any$)$ as applicable to COGS

Jets collected all its accounts receivable.

m$)$ Jets paid off all salaries payable and accounts payable

Prepare appropriate journal entries for a thru $m$ above; assume transactions a thru I are recorded on account. Post activity to T accounts. $($They apply overhead to jobs based on actual machine hours$)$ Prepare income statement in good form period ended $12\mathrm{.}31\mathrm{.}23.$

How much cash do they have at $\frac{12}{31}\frac{?}{23}?$