Larned corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $78,000 in raw materials were used in production. of this amount, $66,000 was for direct materials and the remainder was for indirect materials. total labor wages of $112,000 were paid in cash. of this amount, $102,300 was for direct labor and the remainder was for indirect labor. depreciation of $197,000 was incurred on factory equipment. required: record the above transactions in journal entries. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)