Blossom Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $372,000 for the year, and machine usage is estimated at 155,000 hours. For the year, $399,280 of overhead costs are incurred, and 161,200 hours are used. Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit