8. Time cards are being entered into the accounting sys- tem for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to job cost code 302.01.06110L and the remaining 30 hours are to be billed to job cost code 302.01.06210L. Employee 3 took vacation this entire week and Employee 4 works in the main office. The employee costs and deductions with- held from the employees' checks are shown in Table 3-1. Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of entering the employees' time into the accounting system. Balance Sheet Liabilities Assets Equity Income Statement Expenses Revenues Profit Job Cost Expenses Equipment Revenues