Company XYZ completed the following transactions in the year 2016 All purchases and sales were made with cash. Please journalize the following transactions on the journal pages provided Purchased $200,000 of raw materials. Administrative costs for office rental, $30,000. Issued $175,000 of raw materials into production. Direct Material, $125,000; Indirect Material, $50,000. Recognized a year's worth of depreciation for manufacturing equipment, $80,000. Paid wages and salaries, Direct Labor, $90,000; Indirect Labor, $35,000; administrative salaries, $40,000. The company paid monthly rent for the factory of $50,000. Factory utility costs of $12,000 were paid in cash. Manufacturing overhead was applied to production, $232,000. Cost of goods manufactured totaled $350,000. The company had customer sales totaling $480,000. The products sold had a cost of $280,000