Prepare for journal entries for the following transactions for Kootenay Bike Company January 2020. a) $250,000 of materials were used, $220,000 directly attributable on specific jobs (2 marks) Date Accounts / Explanation DR CR b) $65,000 in depreciation for plant and equipment and utility bills of $35,000 (2 marks) Date Accounts / Explanation DR CR c) $325,000 of direct and $17,000 of indirect wages were incurred (2 marks) Date Accounts / Explanation DR CR d) Raw Materials were purchased for $315,000 (2 marks) Date Accounts / Explanation DR CR e) $150,000 in manufacturing overhead was allocated to jobs (2 marks) Date Accounts / Explanation DR CR f) $650,000 of goods were moved to finished goods inventory (2 marks) Date Accounts / Explanation DR CR g) Goods costing $575,000 were sold for $1,250,000. (3 marks) Date Accounts / Explanation DR CR h) Prepare a journal entry adjusting manufacturing overhead allocated to cost of goods sold (2 marks) Date Accounts / Explanation DR CR i) Assuming $0 opening balances, what are the closing balances in Work in Process Inventory, Finished goods inventory and Raw Materials Inventory