The following information is available for Liu Company at December 31, 2018: 1) Inventory balance Beginning of Year End of Year Finished Goods $12,000 $11,000 Work in Process 6,300 7,700 Raw Materials 8,500 7,200 2) Debit postings to Work in Process Inventory during the year were: Direct materials $140,400 Direct labour 76,000 Manufacturing overhead applied 84,000 3) Actual manufacturing overhead for the year was $90,000. Required: a) Prepare a summary journal entry to close any under or overapplied manufacturing overhead cost to cost of goods sold. b) Prepare a cost of goods manufactured schedule for 2018. c) Prepare a cost of goods sold schedule for 2018