CR Corporation has the following estimated costs for the next year Direct materials.. $4,000 Direct labor.... $20,000 Rent on factory building.. $15,000 Sales salaries... $25,000 Depreciation on factory equipment. $8,000 Indirect labor.. $10,000 Production supervisor's salary. $12,000 CR Corporation estimated that 20,000 direct labor-hours and 10,000 machine-hours would be worked during the year. Overhead is applied on the bass of mhine hours al direct labor-hours, and actual machine-hours, and actual manufacturing overhead for the year turned out to be 16,000 direct labor hours, 20.000 machine hour and $40,000 respectively. The company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the journal entry to close out the manufacturing overhead account. Correct debit and credit account name (3 pt each, 6 pts in total) Exact Amounts (4 pts) Follow the format Dr) Account name XXX Cr) Account name XXX