Bluestone Ltd has reached the end of the financial year 2020. Bluestone's employees have worked for the full year and have received total wages of $740,000 in cash. However, they must wait until the next payday to be paid for the last three days of the year they have worked. The amount owing is $23,750. You are approached to provide expert advice on how to deal with the expense outstanding. Please answer the following four sub-questions based on the information provided.

Question 1 - Part A. From your analysis of the situation, please advise what would be the balance/amount of the Wages Expense account? (Numerical answer should be provided)

Part B - From your analysis, please advise what would be the balance/ amount of Accrued Wages account? (Numerical answer should be provided)

Part C. Please advise in which statement the wages expense account should appear? (Choose from, statement of financial performance, statement of financial position, statement of cash flows, with the exact wording)

Part D. Please advise in which statement the accrued wages account should appear? (Choose from, statement of financial performance, statement of financial position, statement of cash flows, with the exact wording)