P2. Coyote Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. (unit = $) 1. Materials purchased on account $220,000, and factory wages incurred $90,000. 2. Materials requisitioned and factory labor used by job: Job Number A20 Materials Factory Labor 40,000 20,000 A21 50,000 15,000 A22 38,000 17,000 A23 37,000 30,000 Generalfactory use 5,000 8,000 170,000 90,000 3. Insurance expense incurred for the manufacturing plant $60,000. 4. Depreciation on factory equipment $20,000. 5. Depreciation on the company's office building was $16,000. 6. Manufacturing overhead rate is 60% of direct material cost. 7. Jobs completed during the quarter: A20, A21, and A22. 8. Products manufactured from jobs A20 and A22 were sold for $120,000 and $110,000, respectively, on account. Instructions: Prepare journal entries to record the operations summarized above.