GHD Company has 10 sales employees, each of whom earns $4,000 per month and is paid the last working day of the month. Canada Pension Plan is 4.95 percent of the pensionable earnings and Employment Insurance is 1.78 percent of the insurable earnings. Withholdings for each employee also include federal income tax of 15% and medical insurance premiums of $220. Present a general journal entry to accrue the payroll on December 31, 20XX.[ NOTE: CPP exemptions must be considered for the answer] Continuing the facts about GHD Company in 1 above, present the entry to record GHD Company's employer benefits for the month of December.Calculate the employee and employer portion of CPP and EI.