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Happy Company has the following transactions: 1. Purchased raw materials on account, $75,000. 2. Raw Materials of $34,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. 3. Factory labor costs incurred were $140,000 of which $120,000 pertained to factory wages payable and $20,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $114,000 was direct labor and $26,000 was indirect labor. 5. Overhead costs incurred on account were $117,000. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $135,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8. Finished goods costing $112,000 to manufacture were sold on account for $142,000. Instructions Journalize the above transactions for Happy Corporation