2. Droscoe pays his employees on a monthly basis on the first of each month for the prior months work. The last entry to record the cash payment for payroll was on December 1, 2010 for the November 2010 wages. The beginning balance in Wages Payable on January 1, 2010 was $48,000, reflecting December 2009 wages. During 2010, the employees earn $50,000 per month (the received a raise from 2009) and they worked every month in 2010. Using FSET, What amount will be reported on the 2010 year-end financial statements for

i) Cash Paid for Wages: $_______________

ii) Wages Payable: $_______________

iii) Wages Expense: $_______________