Joint Inc. started operations January 1, 2020. It had the following transactions in January 20200: a) Obtained a 1 year, 4% bank loan for $30,000 on January 1, 2020. The loan and interest is due at maturity. b) Purchased inventory on account from a supplier for $10,000 plus GST (5%). c) Sold $4,000 paint plus GST and PST (7%) to a customer on credit. Cost of the paint is $3,000. Barry uses a perpetual inventory method. d) Paid an employee ralph $1,560 cash for January 1-15 salary, calculated as follows: Gross Pay Income Tax EI CPP Net Pay $2,000 $300 $40 $100 $1,560 The company's portion of contributions is: EI 1.4 times CPP 1 time e) Unrecorded liabilities at January 31 include the salary and the deductions for January 16-31. Required i) Record the journal entries for the above transactions. ii) Record the January 31 accrual entries. iii) Calculate the total current liabilities as at January 31, 2020.