lo manufacture according to their job cost sheets. Required 1. Prepare journal entries to record the preceding transactions. 2. Past the entries in (1) above to accounts (don't forget to enter the beginning balances in the inventory accounts). 3 Manufacturing Overhead underapplied or overapplied for the year? Prepare a journal entry to oke any balance in the Manufacturing Overhead account to Cost of Goods Sold. Do not allocate the balance between Work in Process, Finished Goods, and Cost of Goods Sold. 4 Hepare an income statement for the year lo manufacture according to their job cost sheets. Required 1. Prepare journal entries to record the preceding transactions. 2. Past the entries in (1) above to accounts (don't forget to enter the beginning balances in the inventory accounts). 3 Manufacturing Overhead underapplied or overapplied for the year? Prepare a journal entry to oke any balance in the Manufacturing Overhead account to Cost of Goods Sold. Do not allocate the balance between Work in Process, Finished Goods, and Cost of Goods Sold. 4 Hepare an income statement for the year