Zachary's predetermined manufacturing overhead rate was $0.40 per direct labor dollar. Actual manufacturing overhead costs amounted to $5,956. Zachary paid cash for all costs. The company completed and delivered Jobs 1 and 2 to customers during the year. Job 3 was incomplete at the end of the year. The company sold Job 1 for $16.900 cash and Job 2 for $8,400 cash. Zachary also paid $3,600 cash for selling and administrative expenses for the year. Zachary uses a just-in-time inventory management system. Consequently, it does not have raw materials inventory. Raw materials purchases are recorded directly in the Work in Process Inventory account Required a. Record the preceding events in a horizontal statements model. The first row shows beginning balances. b. Record the entry to close the amount of underapplied or overapplied overhead for the year to Cost of Goods Sold (in the expense category) in the horizontal financial statements model. c. Determine the gross margin for the year. Complete this question by entering your answers in the tabs below. Req A and B Reqc Determine the gross margin for the year. Gross margin (Reg A and B Drou laut