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Ernest Corporation has the following activities for the past year: (Click the icon to view the data.) Requirement Prepare the operating activities section of Ernest Corporation's statement of cash flows for the year ended December 31 , using the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted.) Data table ABX Corporaton uses a job order cost systom with manulacturing overhead appled to products based on direct labor hours. At the beginning of the most recent year, the compsny estimated its manutacturing ovechead cost at $400,000. Estimated direct labor cost was $500,000 for 25,000 hours. Actual costs for the most recent month are summarized bere: Calculate the Applied and Actual Manufacturers Overhead. Was it over or underapplied? You must shew your work to support your answers or no credit Eair tha tanith Ernest Corporation has the following activities for the past year: (Click the icon to view the data.) Requirement Prepare the operating activities section of Ernest Corporation's statement of cash flows for the year ended December 31 , using the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted.) Data table ABX Corporaton uses a job order cost systom with manulacturing overhead appled to products based on direct labor hours. At the beginning of the most recent year, the compsny estimated its manutacturing ovechead cost at $400,000. Estimated direct labor cost was $500,000 for 25,000 hours. Actual costs for the most recent month are summarized bere: Calculate the Applied and Actual Manufacturers Overhead. Was it over or underapplied? You must shew your work to support your answers or no credit Eair tha tanith