Watercraft$$s predetermined overhead rate is $200\%$ of direct labor. Information on the company$$s production activities during May follows. Purchased raw materials on credit, $$220,000.$ Materials requisitions record use of the following materials for the month. Job $136$ $ $48,500$ Job $13732,500$ Job $13819,600$ Job $13922,800$ Job $1406,800$ Total direct materials $130,200$ Indirect materials $19,500$ Total materials requisitions $ $149,700$ Time tickets record use of the following labor for the month. These wages were paid in cash. Job $136$ $ $12,100$ Job $13710,700$ Job $13837,700$ Job $13939,200$ Job $1403,600$ Total direct labor $103,300$ Indirect labor $24,500$ Total labor cost $ $127,800$ Applied overhead to Jobs $136,138,$ and $139.$ Transferred Jobs $136,138,$ and $139$ to Finished Goods Inventory. Sold Jobs $136$ and $138$ on credit at a total price of $$525,000.$ Recorded the cost of goods sold for Jobs $136$ and $138.$ Incurred the following actual other overhead costs during the month. Depreciation of factory building $ $70,000$ Depreciation of factory equipment $38,000$ Expired factory insurance $12,000$ Accrued property taxes payable $35,500$ Applied overhead at month$-$end to the Work in Process Inventory account $($for Job $137$ and $140)$ using the predetermined overhead rate of $200\%$ of direct labor cost. $2.$ Prepare journal entries to record the events and transactions a through