A7-24 Balances for Sales Taxes, Payroll Taxes: Hoffman reported opening balances as at 1 June 20X8: GST payable Income tax deductions payable CPP payable El payable $21,500 cr. 1,300 cr. 950 cr. 400 cr. The company had the following transactions in June 20X8: a. Collected $354,000 of GST on sales to customers. b. Recorded the bimonthly payroll, which included CPP deductions of $1,400, El deductions of $1,200, and income tax withheld of $10,700. c. Recorded the second bimonthly payroll. The payroll included CPP deductions of $1,500, El deductions of $1,400, and income tax withheld of $11,700. d. Bought capital assets of $960,000, plus GST of 5%. e. Recorded the employer portion of payroll expenses for the entire month. f. Paid $266,500 GST to the Receiver General for Canada. Required: Calculate the balances in the four accounts listed above as at 30 June 20X8. No payments on account were paid during the month.