Compute and record workers' compensation insurance premiums for Fairlawn Manufacturing as follows: 1. The firm estimates that its office employees will earn $40,000 next year and its factory employees will earn $152,000. The firm pays the following rates for workers' compensation insurance: $0.60 per $100 of wages for the office employees and $4.40 per $100 of wages for the factory employees. Compute the estimated premiums for 2019. In the general Journal, record the payment of the estimated premium. Date the entry as January 12, 2019. 2. On January 3, 2020, an audit of the firm's payroll records for 2019 showed that the firm had actually paid wages of $42,000 to its office employees and $155,000 to its factory employees. Compute the actual premium for the year and the balance due to the insurance company or the credit due to the firm. In the general Journal, record the entry to adjust the Workers' Compensation Insurance Expense as of the end of 2019. Date the entry December 31, 2019 Complete this question by entering your answers in the tabs below. Req la Reg 1b Reg 2a Reg 26 Compute the estimated premiums for 2019. Estimated premiums Reg 16 > Complete this question by entering your answers in the tabs below. Req la Reg 1b Reg 2a Reg 2b Record the payment of the estimated premium. Date the entry January 12, 2019, View transaction list Journal entry worksheet Record the payment of the estimated premium. Note: Enter debits before credits General Journal Debit Credit Date Jan 12, 2019 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req la Req 1b Req 2a Req 2b Compute the actual premium for the year and the balance due to the insurance company or the credit due to the firm all answers as positive values.) Actual premium Balance due Req la Req 1b Reg 2a Reg 2b In the general journal, record the entry to adjust the Workers' Compensation Insurance Expense as of the end of 2019. Date th December 31, 2019 View transaction list Journal entry worksheet Record entry to adjust workers compensation insurance expense. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal (Reg 2a