8) On January 1, 2018, McHenry Manufacturing Company purchased a machine for $40,400,000. McHenry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $50,000. The machine was used for 4600 hours in 2018 and 6000 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the units-of-production method of depreciation. (Round your final answer to the nearest dollar.) A) $27,820,344 C) $27,804,656 None of the above B) $40,400,000 D) $34,940,904; E) 19) Keith, an employee of Sunbeam, Inc., has gross salary for May of $15,000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 20%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA- Medicare Tax of 1.45%.) (Round the final answer to the nearest dollar.) A) debit to Cash for $10,852.50 B) credit to Cash for $10,852.50 C) debit to Employee Income Tax Payable of $10,852.50 D) debit to FICA Tax Payable of $10,852.50 E) None of the above 20) Employer FICA tax is paid by the employer and is added to the employee's earnings. A. True B. False no an T1