Larned Corporation recorded the following transactions for the just completed month. Q. $72,000 in raw materials were purchased on account. b. $70.000 in raw materlals were used in production. Of this amount, $55,000 was for direct materials and the remainder was for indirect materias. c. Total labor wages of $114,500 were paid in cash, Of this amount, $104,300 was for direct labor and the remainder was for indirect Iabor. d. Depreciation of $194,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)