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 50,200 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. Total labor cost 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 transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the payroll for march including employee deductions. Note: Enter debits before credits. General Journal Debit Credit Date March 31, 2014 3. Prepare the journal entry to record the employer's CPP and El contributions. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record employer payroll taxes on march payroll. Note: Enter debits before credits. General Journal Debit Credit Date March 31, 2014