[31] Wheaton Rubber Co. pays its salespersons salaries based on fixed monthly salaries and commissions on net sales. A fixed salary is paid each month and is treated as an advance against commissions earned in that month. Sales commissions are computed on a monthly basis and the amount exceeding the fixed salary advance, is paid in the month following the month of sale. However, if the fixed salaries for salespersons exceed their sales commissions earned for any month, such excess is not charged back to them. Pertinent data for the month of March 2022 for the three salespersons employed are as follows: Salesperson Fixed salary Net Sales A B Totals % Commission $10,000 $ 200,000 6% 14,000 400,000 5% 18,000 900,000 4% $42,000 $1,500,000 What amount should Wheaton accrue for sales commissions payable at March 31, 2022? Select one: a. $70,000. b. $68,000. c. $28,000. d. $26,000. e. $42,000. [32] On January 1, 2016, Wheaton Corp issued 1,000 of its 5%, $1,000 bonds for $1,060,000. These bonds were to mature on January 1, 2026 but were callable at 103 any time after December 31, 2020. Interest was payable semiannually on July 1 and January 1. On July 1, 2021, after paying the interest, Wheaton called 70% of all of the bonds and retired them. Wheaton uses ASPE and amortizes bond premiums and discounts on a straight line basis. The gain or loss in 2021 on this early extinguishment of debt was: Select one: a. $18,900 gain. b. $7,200 gain. c. $6,000 loss. d. $4,800 loss. e. $2,100 loss