Larned Corporation recorded the following transactions for the just completed month a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were used in production. Of this amount, $71,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $112.000 were paid in cash. Of this amount, $103,800 was for direct labor and the remainder was for indirect labor d. Depreciation of $200,000 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.) View transaction list 1 $81,000 in raw materials were purchased on account. 2 $79,000 in raw materials were used in production. Of this amount, $71,000 was for direct materials and the remainder was for indirect materials. 3 Total labor wages of $112,000 were paid in cash. Of this amount, $103,800 was for direct labor an the remainder was for indirect labor. 4 Depreciation of $200,000 was incurred on factory equipment