For the year ended December 31, 2022, the job cost sheets of Sandhill Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $30,000 $28,800 $34,560 $93,360 Current years costs 36,000 43,200 51,840 131,040 7641 Balance 1/1 13,200 21,600 25,920 60,720 Current years costs 51,600 57,600 69,120 178,320 7642 Current years costs 69,600 66,000 79,200 214,800 Other data: 1. Raw materials inventory totaled $18,000 on January 1. During the year, $168,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $104,400 and Job No. 7639 for $110,400. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Job Nos. 7638, 7639, and 7641 were sold on account for $636,000. 5. Manufacturing overhead incurred on account totaled $144,000. 6. Incurred depreciation on factory machinery $9,600. 7. Assigned indirect materials of $16,800 and indirect labor of $21,600. (a) Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished work. Post each to the T-account in the following order: (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead, and (5) completed jobs. Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely 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.) Prepare an income statement through gross profit for 2022.