Regina Company has the following balances in its overhead accounts at the end of the year: Manufacturing Overhead, Control Manufacturing Overhead Allocated $ 486,000 480,000 The balance of several other accounts at year end are as follows: Materials, Control Work in Process, Control Finished Goods, Control Cost of Goods Sold Sales $ 20,000 68,000 50,000 1,200,000 2,000,000 Required: Calculate the amount of over- or under-allocated manufacturing overhead, and prorate that amount using the ending balances of the appropriate accounts from above. Prepare the journal entry to close the overhead accounts including your proration of the over- or under-allocated overhead from requirement #1