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Help Save & EXH A company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Manufacturing overhead

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Help Save & EXH A company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month, $35,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment). c. Prepaid insurance expired during the month, $2,500 (75% related to production, and 25% related to selling and administration). d. Applied $117,000 of manufacturing overhead to production during the month. e. Closed over- (or under-) applied overhead to cost of goods sold. Determine the net changes in the Retained Earnings account after recording the above transactions. (All answers are whole numbers - unless specified otherwise. You should NOT include the sign or a comma. Eg, you should type 1000 for one thousand. Negative numbers should be added with a minus sign, e.g. -1000 for a decrease or loss of one thousand.) Net changes in Retained Earnings = Next > 8 of 26 !!!

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