In-class Activity 4 The ABC Company has the following data for 2020: Direct Labor Direct Material Actual Overhead Applied Overhead Raw Material Work in Process Finished Goods Cost of Goods Sold $220,000 137,800 320,000 395,000 51,394 101,926 111,192 250,182 What is the amount of under- or overapplied overhead? Prepare the necessary journal entry to dispose of under-or overapplied overhead