Sandhill Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $$245,000$ for the year, and machine usage is estimated at $122,500$ hours.

For the year, $$315,560$ of overhead costs are incurred, and $127,400$ hours are used.

$($c$)$

prepare the adjusting entry to assign the under $-$or overapplied overhead for the year to cost of goods sold. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$