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Expert Q&A Done Question 3: (8 marks) Perth Talent Search has an annual payroll of $150,000. At December 31, 2019 Perth owes salaries of $7,300

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Expert Q&A Done Question 3: (8 marks) Perth Talent Search has an annual payroll of $150,000. At December 31, 2019 Perth owes salaries of $7,300 of which employee withholdings payable are $1,700, and employee benefits payable by the company are $1,500. The company has calculated its share of Canada Pension Plan, Employment Insurance, and other employee benefits to be 4% of payroll expense. The company will pay these amounts early next year. Show what Perth will report for the its 2019 income statement and its balance sheet at December 31, 2019. (please show your calculations to support the amounts reported) foregoing on

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