19) Michaels Company purchased equipment on January 1, 2017 at a cost of $400,000. The equipment is depreciated using the straight-line method. It has an estimated residual value of $10,000 and an estimated useful life of 5 years. The book value of the equipment at December 31, 2019 is: A) $160,000. B) $234,000. C) $322,000. D) $166,000. E) $156,000 20) Current liabilities could include all of the following except: A) accounts payable. B) notes payable due in 9 months. C) FICA payable. D) a bank loan due in 18 months. E) deferred revenue. Use the following information to answer questions 21 and 22. The following totals for the month of April were taken from the payroll register of Lawson Company: Salaries Income taxes withheld FICA withheld Unemployment taxes $24,000 4,900 1,100 496 point tax CS 21) The journal entry to record the employees' pay will include a: A) credit to Cash for $18,000. B) credit to Cash for $17,504. C) debit to Salaries and Wages Expense for $17,504. D) debit to Salaries and Wages Expense for $18,000. E) credit to Salaries and Wages Expense for $24,000. 22) The journal entry to record the accrual of the employer's payroll taxes will include a: 1) credit to FICA Payable for $2,200. debit to Payroll Tax Expense for $6,496. debit to Payroll Tax Expense for $1,596. debit to Payroll Tax Expense for $496. credit to Withheld Income Taxes Payable for $4,900