Pinkie Pie Toys, creates custom pony themed toys for its customers and uses a job order cost system to record its costs. The following data summarizes the operations related to the first quarters production. 1.)Raw materials purchased on account amounted to $193,910, 2.)Wage expense for laborers was $91,540 with $11,540 relating to payroll taxes.3.)Manufacturing overhead costs incurred on account $52,200. Depreciation on manufacturing equipment amounted to $16,900.4.)Depreciation on office building was $15,000.5.)Materials requisitions and time tickets showed the below amounts:Client JobMaterials LaborTwilight (201) (# 12) $37,650(TT #8) $19,280R. Dash (202)(#14) 45,200(TT #9) 22,680Celestia (203)(#15) 36,920(TT #10) 15,470Luna (204)(#16) 40,550(TT #11) 26,160Indirect costs(#17) 5,060(TT #12) 7,9506.)Overhead costs are assigned to jobs based on direct labor costs. The company estimates overhead costs for the year to be $90,000, direct labor costs to be $100,000, and direct labor hours to be 105,000. 7.)The client jobs completed during the quarter were Twilight, R. Dash, and Luna.8.)The completed jobs were sold for $303,000 on account.Requirements:a.Prepare the journal entries to accumulate the manufacturing costs.b.Prepare the journal entries to assign the manufacturing costs. c.Post to manufacturing accounts.d.Did the company have an ending balance in their manufacturing overhead account? Does this mean their overhead costs to their jobs were under or over applied? What is done with this balance? Prepare the necessary journal entry.e.Prepare job costs sheets for all clients and make sure that the work-in-process total agrees to the sum of the remaining in-process jobs. f.How much gross profit did the company made for the first