1. It is August 2020. You are calculating the monthly paycheck, including employee withholding, and employer payroll related expenses for Bonnie Bigwig. Her pay through July is $105,000. Her August gross pay $22,000. Her Federal income tax withholding is at the 25% rate, her state withholding is at the 5% rate. (Ignore local income tax.) Her health insurance (all paid by the company) is $1,500 / month. She contributes $1,000 / month to the United Way. Give the journal entry to pay Bonnie. Also, give the journal entry to record the employer payroll related expenses. 2. On April 1, 2020, our hospital buys an MRI machine for $1,300,000. It is financed for 5 years at 5% annual interest. Interest is paid each year on March 31. The entire $1,200,000 of principle is paid on March 31, 2025. Give the December 31, 2020 journal entry to record the interest for the year to date, and the March 31, 2021 journal entry to make the first interest payment. Hints: 1. Show your work. 2. Make sure the journal entry is in proper format - debit(s) first and to the left (both account title and dollar amount), and that credit(s) are second and significantly indented (both account title and dollar amount)