Macier Company completed the salary and wage payroll for March 2014. The payroll provided the following details: Salaries and wages earned $230,000 Employee income taxes withheld 50200 Canada Pension Plan 2,500 Employment Insurance 750 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company. TIP: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El. $ 233,550 0 2. Prepare the journal entry to record the payroll for March. including employee deductions (but excluding employer payroll taxes}. (If no entry is required for a transactionl'event, select "No journal entry required" in the first account eld.) 1 March 31, 2014 Salaries and wages expense 230,000 a Withheld income taxes payable 50,200 a Cash 179,300 9 3. Prepare the journal entry to record the employer's CPP and El contributions. (If no entry is required for o tronsoctionl'event, select "No journal entry required" in the first account field.) 1 March 31, 2014 Payroll lax expense 0 3 550 a El payable 9 1,050 0 CPP payable 0 2,500 a