Exercise 10-2 Chen Wholesalers Ltd. incurred the following transactions related to current liabilities: 1. Chen's cash register showed the following totals at the end of the day on March 17: pre-tax sales $55,000; GST S2,750; and PST $3,850 2. Chen received its property tax bill for the calendar year for $51,600 on May 1, payable July 1. 3. Chen's gross payroll for the week of August 15 was $79,300. The company deducted $3,720 for CPP, $1,491 for EI, 5,700 for pension, and $16, 130 for income tax from the employees' pay. The employer portions of CPP and El for the week were $3,720 and $2,087 respectively 4. On August 22, all amounts owing for employee income taxes, CPP, and EI pertaining to the payroll in transaction 3 above were paid 5. On October 1, Chen borrowed S80,000 from First Bank for a six-month period: 4% interest on the bank loan is payable on April 1