Mary Peters' regular hourly wage rate is $8, and she receives an hourly rate of $12 for work in excess of 40 hours. During a March pay period, Mary works 47 hours. Mary's federal income tax withholding is $80, and she has no voluntary deductions. The FICA tax rate is 7.65%. Compute Mary Peters' gross eamings and net pay for the pay period. (Round answers to 2 decimal places, eg. 15.25.) Gross earnings \$ Net pay $ Sheffield Corporation issued 5,200 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The stock had a par value of $5 per share and was issued for a total of $75,000. (b) The stock had a stated value of $5 per share and was issued for a total of $75,000. (c) The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $75,000. (d) The stock had a par value of $5 per share and was issued for land worth $75,000