For the year ended December 31,2022, the job cost sheets of Cullumber Company contained the following data. Other data: 1. Rawmaterials inventory totaled $15,900 on January 1. During the year, $148,400 of ranw materials were purchased on account 2. Finished goods on January 1 consisted of Job No. 7638 for $92,220 and Job No. 7639 for $97,520. 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 $561,800. 5. Manufacturing overhead incurred on account totaled $127,200 6. Incurred depreciation on factory machinery $8,480. 7. Assigned indirect materials of $14,840 and indirect labor of $19,080. Prove the agreement of Work in Process lmentory with job cost sheets pertaining to unfinished work Povt exch to the Tracicouint in the following order: (1) besinning balance, (2) direct material, (3) drect bbor, (4) manufacturing overhe ad, and (5) completed jobs: Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold (Uist anl debit entries before credit entries. Credit account tieles are automatically indented when amount is entered. Do not indent manually Prepare an income statersent through sross protht for 2023