The following information is taken from the accounts of Latta Company. The entries in the Taccounts are summaries of the transactions that affected those accounts during the year. 1. Identify reasons for entries (a) through (d) (weights: 15% ). (a) fixed overhead cost for the year (d) cost of goods sold for the year 2. Assume that the underapplied or gyerapplied overhead is closed to Cost of Goods Sold. Prepare the necessary journal entry (weights: 10\%)