4. Show what Yorke would report on its balance sheet at February 28 before the payments are made. [Hint: Prepare a partial balance sheet showing only the current liabilities section for all of the accounts used in the above transactions.]

Yorke Medical Instruments Ltd has six employees who are paid on the 1st and 16th of each month for the work they performed in the preceding half-month (paid semi-monthly; for instance, Jan 1-15 work is paid Jan 16; and Jan 16-31 work is paid Feb 1). For the pay period February 16 to February 28, 2023, each employee is owed gross pay as follows: Each employee must have 19% of their gross pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.95\% of their gross pay and pay Employment Insurance premiums of 1.63% of their gross pay. Each employee has $21 of union dues deducted from their paycheque. The office clerk also voluntarily chooses to have $40 per paycheque deducted and donated to the United Way charitable organization