A company located in Winnipeg, Manitoba employs 4 staff. It is in the process of filing their final report to the Workers Compensation Board of Manitoba for 2021. The earnings summary for the year is as follows: The Workers Compensation Board of Manitoba has advised that their rate for 2021 is $2.78 per $100. The company made remittances to the Manitoba Workers Compensation Board this year totaling $9,500. Required: 1. Calculate the annual cost of workers' compensation insurance. 2. Determine whether there is a' Balance owing' or if there is an 'Overpayment' and how much that amount is. Show and label all calculations