Assume that Fatima Patel is a vice-president in Universal Capital's leasing operations Click the icon to view the payroll information.) Required 1. Compute Patel's gross pay, payroll deductions, and not pay for the full year 2018 2. Compute Universal Capital's total 2018 payroll expense for Patel 3. Prepare Universal Capital's general journal entries for July 31 (explanations not required) to record its expense for the following a. Patel's total earnings for the year, her payroll deductions, and her net pay Debit Salary Expense and Bonus Expense as appropriate for salary and bonus Credit liability accounts for the payroll deductions and Cash for net pay b. Employer payroll expenses for Patel Credit the appropriateliability accounts c. Benefits provided to Patel Credit Health Insurance Payable and Company Pension Payable A Payroll Information Ere a d During 2018, she worked for the company all year at a $8,000 monthly salary. She also earned a year-end bonus equal to 10 percent of her salary. Patel's federal income tax withheld during 2018 was $2.460 per month. Also, there was a one-time federal withholding tax of $4,540 on her bonus cheque. She paid $380.64 per month into the CPP until she had paid the maximum of $2,593.80. In addition, Patel paid $168.00 per month El through her employer until the maximum $858.22 had been reached. She had authorized Universal Capital to make the following payroll deductions. RRSP contribution of $85 per month and United Way of $40.00 per month. Universal Capital incurred CPP expense equal to the amount deducted from Patel's pay and El expense equal to 1.4 times the amount Patel paid. In addition, Universal Capital paid dental and drug insurance of $48 per month and pension benefits 7 percent of her base salary Done