The net earnings of the factory workers for larkin company during the month of january are $72,000. the employer’s payroll taxes for the factory payroll are $8,100. the fringe benefits to be paid by the employer on this payroll are $4,300. of the total accumulated cost of factory labor, 84% is related to direct labor and 16% is attributable to indirect labor. (a) prepare the entry to record the factory labor costs for the month of january. (b) prepare the entry to assign factory labor to production.

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)