Encore Records has two employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half- month. At February 28, each employee is owed gross pay of $1,000, but each one must have 10% of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 51% of their gross pay and pay Employment Insurance premiums of 1 62% of their gross pay. The following entries were recorded for the month of February (Click on the icon to view the journal entries.) Show what Encore would report on its balance sheet at February 28 and on its income statement for the month ended on that date, Prepare the partial income statement sheet for the month ending February 28. (Leave any unused cells blank. Enter amounts to the nearest cont) Encore Records Income Statement partial) For the Month Ended February 28 Expenses 2 of 6 (2 complete) HW Score: 0 Journal Entries . JA ay ta Date ens hon Debit Feb. 28 Credit ald ma 2,000.00 Accounts and Explanation Salaries Expense Employee Income Tax Payable Canada Pension Plan Payable Employment Insurance Payable Salaries Payable To record salaries and employee withholdings payable fest 200.00 102.00 32.40 1.665.60 Forl Date Debit Credit Feb. 28 Accounts and Explanation Canada Pension Plan Expense Employment Insurance Expense 102.00 45.36 stor Print Done Ick Answer LUTOWO kau Ch07 - Liabilities 2 of 6 (2 complete) HW Scc Journal Entries Employment Insurance Payable Salaries Payable To record salaries and employee withholdings payable 32.40 1,665.60 Date Debit Credit Feb. 28 102.00 Accounts and Explanation Canada Pension Plan Expense Employment Insurance Expense Canada Pension Plan Payable Employment Insurance Payable 45.36 102.00 45 36 To record employer portion of CPP and El withholdings payable Print Done IK AL