Prepare journal entries for the following: a) Purchased $70,000 in raw material on account. b) Requisitioned into production $60,000 direct material &$3,000 indirect material. c) Recorded $50,000 direct labor &5,000 indirect labor on account. d) Recorded depreciation on factory machinery $60,000. e) Paid cash of $4,000 for factory electricity f) Applied OH at 150% of DL\$. Show computation. g) Goods of $169,000 were completed. h) Goods costing $118,000 were sold on account for $236,000