Larned Corporation recorded the following transactions for the just completed month. a. $86,000 in raw materials were purchased on account. b. $84,000 in raw materials were used in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $125,500 were paid in cash. Of this amount, $101,400 was for direct labor and the remainder was for indirect labor. d. Depreciation of $191,000 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.) 1$86,000 in raw materials were purchased on account. 2$84,000 in raw materials were used in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. 3 Total labor wages of $125,500 were paid in cash. Of this amount, $101,400 was for direct labor and the remainder was for indirect labor. 4 Depreciation of $191,000 was incurred on factory equipment. Note : = journal entry has been entered