Managerial accounting problem. Thank you!

The Fine manufacturing company uses job order costing system The company uses machine hours apply overhead cost to jobs At the beginning of 2012, the company estimated that 1 50,000 machine hours would be worked and $900,000 overhead cost would be incurred during 2012. The balances of raw materials, work in process (W1P). and finished goods at the beginning of 2012 were as follows Raw materials $ 40,000 Work in process 30,000 Flushed goods 60,000 The Fine manufacturing company recorded the following transactions during 2012 a Raw materials purchased on account $820,000 Raw materials were requisitioned tor user production S760.000 ($720,000 direct materials and $40,000 indirect materials) Direct labor labor. $150,000. indirect labor. $220,000. sales commission. $180,000 and administrative salaries $400,000 Sales travel costs were $34,000 Utility costs incurred in the factory. $86,000 r Advertising expenses were $360,000 Depreciation tor the year was $700,000 ($560,000 relates to factory and $140,000 relates to selling and administrative activities) insurance expired during the year. $20 000 ($14,000 relates to factory operations and $6,000 relates to selling and administrative activities) Fine manufacturing company worked 160,000 machine hours Manufacturing overhead was applied to production Goods costing $1,800,000 were completed during the year The goods costing $1,740,000 were sold to customers for $3,000,000 (Chapter 2) REQUIRED: Prepare journal entries for a -k. post to t-accounts, calculate the predetermined OH rate and prepare income statement