please answer question 3 and 4.

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 yeat, the company estimated that it would work 36,500 machine-hours and incur \$164,250 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $210,000, b. Raw materials were requisitioned for use in production: $195,000 (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: $44,250. e. Prepaid insurance expired during the year: $12,500 (85\% relates to factory operations, and 15% relates to selling and administrative activities). f. Advertising costs were incurred, $52,500 : a. Deoreciation was recorded for the vear: $63.000190% relates to factorv oberations, and 10% relates to sellina and administrative d. Heat, power, and water costs were incurred in the factory: $44,250. e. Prepaid insurance expired during the year: $12,500 (85\% relates to factory operations, and 15\%, relates to seiling and administrative activities). f. Advertising costs were incurred, $52,500. 9. Depreciation was recorded for the year: $63,000(90% relates to factory operations, and 10% relates to selling and administrative activities). h. Manufacturing overhead cost was applied to production. The company recorded 41,000 machine-hours for the year. 1. Goods that cost \$502,000 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. 1. Sales for the year totalled $723,300 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $496,000. Underapplied overhead Overapplied overhead 3-b. Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 4. Prepare an income statement for the year. (Do not round intermediate calculations and round your final answers to nearest whole dollar amount.)