14. Are the financial statements of a partnership similar to those of a proprietorship? Discuss. 15. How does the liquidation of a partnership differ from the dissolution of a partnership? Part II. Problems A. Assume that the payroll records of Klein Oil Company provided the following information for the weekly payroll ended November 30, 2020. Hourly Employee T. King Hours Worked Pay Rate Federal Income Tax Union Dues 44 $55 $442 $9 T. Binion 46 15 N.Cole 40 25 148 - C. Hennesey 42 30 230 7 97 5 Year-to-Date Earnings Through Previous Week $128,200 23,200 5,700 49,500 Additional information: All employees are paid overtime at time and a half for hours worked in excess of 40 per week. The FICA tax rate is 7.65% for the first $127,200 of each employee's annual earnings. The employer pays unemployment taxes of 6.2 % (5.4 % for state and .8% for federal) on the first $7,000 of each employee's annual earnings. Instructions (a) Prepare the payroll register for the pay period. (b) Prepare general journal entries to record the payroll and payroll taxes