Cape Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials Tk 36,000 Work in process Tk 41,000 Finished goods Tk 104,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 21,000 machine-hours and incur Tk 210,000 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased, Tk 346,000. b. Raw materials were requisitioned for use in production, Tk 338,000 (Tk 302,000 direct and Tk 36,000 indirect). c. The following employee costs were incurred: direct labor, Tk 360,000; indirect labor, Tk 68,000; and administrative salaries, Tk 111,000. d. Factory utility costs, Tk 29,000. SET A e. Depreciation for the year was Tk 102,000 of which Tk 93,000 is related to factory operations and Tk 9,000 is related to selling and administrative activities. f. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 19,000 machinehours. Required: [Marks: 18] Prepare journal entries to record the preceding transactions.