kindly give the answer to correct the wrong one

Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of machine hours. For the current year, the comparty estimated that it would work 36,000 machine-hours and incur $153,000 in manufacturing overtiead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account $200.000. b. Raw materials were requisitioned for use in production: $190.000 (80\% direct and 20% indirect). c. The following costs were incurred for employee services: d. Heat, power, and water costs were incurred in the factory $42,000 e. Prepoid insurance expired during the year: $10,000(90% relates to factory operations, and 10% relates to selling and administrative. activives). t. Advertising costs were incurred, $50,000. 9. Depreciation was recorded for the year: $60,000 (85\% relates to factory operations, and 15% relates to selling and odministrative activities) h. Manufacturing overhead cost was applied to production. The company recorded 40,000 machine-hours for the year. 1. Goods that cost $480,000 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. ] Sales for the year totolled $700,000 and were all on account. The toral cost to manufacture these goods according to their job cost sheets was $475.000. Answer is complete and carrect. 4. Prepare an income statement for the year. (Do not round Intermediate calculatlons and round your final answers to nearest whole doller amount.) X Answer is complete but not entirely correct