Larned Corporation recorded the following transactions for the just completed month. a. $88,000 in raw materials were purchased on account. b. $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages or $122,500 were paid in cash. Of this amount, $103,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 was incurred on factory equipment. Required: Record the above transactions in joumal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) $88,000 in raw materials were purchased on account. Note: Enter debits before credits. $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Total labor wages of $122,500 were paid in cash. Of this amount, $103,100 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Depreciation of $199,000 was incurred on factory equipment. Note: Enter debits before credits..