Bright Lights Inc. is located in Winnipeg, Manitoba and employs 4 staff. It is in the process of filing their final report to the Workers Compensation Board of Manitoba for 2020. The earnings summary for the year is as follows: Employee Joe Smith Cindy Jones Jim Cropper Bill Shenkar Salary/Wages $129,000 Taxable Benefits Bonuses $ 500 $2,000 80,000 100 1,000 64,000 53,000 The Workers Compensation Board of Manitoba has advised that their rate for 2020 is $2.78 per $100. The company made remittances to the Manitoba Workers Compensation Board this year totaling $9,000. 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