Collins Company uses a job-order costing system. At the beginning of the current year, the following estimates were made as a basis for computing the predetermined overhead rate for the year: Manufacturing overhead cost: $400,000 Direct materials cost: $200,000 The following transactions took place during the year (all purchases and services were acquired on account): 3 a.) Raw materials purchased $90,000. b.) Raw materials used in production as direct materials $100,000. c.) Utility costs incurred in the factory $23,000. d.) Salaries and wages incurred as Direct labour $200,000, Indirect labour $100,000, Administrative salaries $125,000 e.) Maintenance costs incurred in the factory $25,000 f.) Advertising costs incurred $106,000 8.) Depreciation recorded for the year $80,000, of which 80% relates to factory assets and the remainder relates to selling and administrative assets. h.) Rental cost incurred on buildings $75,500 (75% of the space is occupied by the factory, and 25% is occupied by sales and administration). Required: Prepare journal entries to record the information above. (26 marks)