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Nelson Inc. manufactures and sells computer monitors with a three-year warranty. Warranty costs are expected to average 8% of sales during the warranty period. The following table shows the sales and actual warranty payments during the first two years of operations: (Click to view the sales and actual warranty payments during the first two years of operations.) Based on these facts, what amount of warranty liability should Nelson Inc. report on its balance sheet at December 31, 2020? A. $73,680 B. $110,400 O C. $36,720 OD. $32,000 Sales and actual warranty payments Year 2019 $ Sales Warranty Payments 590,000 $ 4,720 790,000 32,000 2020 Print Done Perce Records has four employees who are paid on the 1st and 15th of each month for the work they performed in the preceding half-month. At September 30, each employee is owed gross pay of $2,000, but each one must have 10% of their pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.1% of their gross pay and pay Employment Insurance premiums of 1.62% of their gross pay. Prepare the payroll journal entries required to reflect these amounts, along with Perce's share of CPP contributions and El premiums, in Perce's September 30 financial statements. Prepare the journal entry to record the accrual of the payroll on September 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Accounts and Explanation Debit Credit Date September 30 Prepare the journal entry to record the related employer's liability on September 30. (Enter debits first, then credits. Enter explanations on the last line of the journal. Round amounts to the nearest cent.) Accounts and Explanation Debit Credit Date September 30 Prepare the journal entry to record the accrual of the payroll on September 30. (Enter debits first, then cred line of the journal. Round amounts to the nearest cent.) Accounts and Explanation Debit Credit Date September 30 Accounts Receivable Canada Pension Plan Expense Canada Pension Plan Payable Prepare the jou last line of the September 30. (Enter debits first, then Cash Debit Credit Date September 30 Employee Benefits Expense Employee Income Tax Payable Employment Insurance Expense Employment Insurance Payable Salaries Expense Salaries Payable