Exercise 11-1A (Algo) Employee compensation-Asset or expense LO 11-1 Campbell Company started year 2 with $40,000 in its cash and common stock accounts. During year 2 Campbell paid $30,000 cash for employee compensation. Assume this is the only transaction that occurred in year 2 . Required a. Determine the total amount of assets at the end of year 2, assuming Campbell is a manufacturing company and the employees were paid to make products. b. Determine the amount of expense recognized on the year 2 income statement, assuming Campbell is a manufacturing company and the employees were paid to make products. c. Determine the total amount of assets at the end of year 2, assuming Campbell is a service company. d. Determine the amount of expense recognized on the year 2 income statement, assuming Campbell is a service company