Rize Company reports the following (partial) T-account activity at the end of its first year of operations. Factory Overhead Debit Credit 80,500 404,000 125,100 194,400 1. Compute the under- or overapplied overhead for the year. 2. Prepare the journal entry to close Factory Overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the under- or overapplied overhead for the year. The under-or overapplied overhead for the year Actual overhead Applied overhead Required Required 2 >