Assume that Joyce Wu is a marketing director in Continental Mobility's head office in Ottawa. (Click the icon to view the payroll information.) 1. Compute Wu's gross pay, payroll deductions, and net pay for the full year 2018 2. Compute Continental Mobility's total 2018 payroll cost for Wu. 3. Prepare Continental Mobility's summary general journal entries at August 31(explanations are not required) to record its expense for the following: a. Wu's total earnings for the year, her payroll deductions, and her net pay. Debit Salary Expense and Executive Bonus Compensation as appropriate. Credit liability accounts for payroll deductions and Cash for net pay b. Employer payroll expenses for Wu. Credit the appropriate liability accounts. c. Benefits provided to Wu. Credit Health Insurance Payable and Company Pension Payable Requirement 1. Compute Wu's gross pay, payroll deductions, and net pay for the full year 2018. (Round all amounts to the nearest cent.) Total gross pay Less: Total deductions full year 2018 i Payroll Information x August 31(exp er net pay. Debil for payroll dedu ility accounts. Company Pen et pay for the fu During 2018, she worked for the company all year at a $7,200 monthly salary. She also earned a year-end bonus equal to 20 percent of her salary. Wu's monthly income tax withholding for 2018 was $1,785.00. Also, she paid a one-time federal withholding tax of $4,010.00 on her bonus cheque. She paid $313.00 per month toward the CPP until the maximum of ($2,593.80) had been withheld. In addition, Wu's employer deducted $106.50 for El until the maximum ($858.22) had been withheld. Wu authorized the following deductions: 1.5 percent per month of her monthly pay to Continental's charitable donation fund and $78 per month for life insurance. Continental Mobility incurred CPP expense equal to the amount deducted from Wu's pay. El cost the company 1.4 times the amount deducted from Wu's pay. In addition, the company provided Wu with the following benefits: dental and drug insurance at a cost of $110 per month, and pension benefits to be paid to Wu upon retirement. The pension contribution is based on her income and was $5,500 in 2018. Print Done Requirement 2. Compute Continental Mobility's total 2018 payroll cost for Wu. (Round all amounts to the nearest cent.) Employer payroll expenses: Benefits: Total annual cost of employee Requirement 3. Prepare Continental Capital's summarv aeneral iournal entries at Auaust 31 (explanations are not required) to record its expenses. Choose from any list or enter any number in the input fields and then continue to the next question. a. Wu's total earnings for the year, her payroll deductions, and her net pay. Debit Salary Expense and Executive Bonus Expense as appropriate for salary and bonus. Credit liability accounts for the payroll deductions and Cash for net pay. (Record debits first, then credits. Exclude explanations from journal entries. Round all amounts to the nearest cent.) General Journal Date Accounts Debit Credit Aug. 31 Choose from any liat or enter bor in the innut field and then continue to the not mention