Overte a,h however,13 aal slaried mployes n abiweckly basis earned in December 2017 are as follows: next biweekly period Colaw acrues salaries expense only at its December 31 year end. Data Last payroll was paid on 12/26/17, for the 2-week period ended 12/26/17 Overtime pay earned in the 2-week period ended 12/26/17 was $25,000. Remainin The recurring biweekly salaries total $450,000. Assum salaries of a. $135,000. b. $160,000. c. $270,000. d. $295,000. g work days in 2017 were December 29, 30, 31, on which days there was no overtime g a five-day workweek, Colaw should record a liability at December 31, 2017 for accrued Tolan Corp.'s trademark was licensed to Eddy Co. for royalties of 1 5% of sales of the trademarked items. Royalties are payable semiannually on March 15 for sales in July through December of the prior year, and on September 15 for sales in January through June of the same year. Tolan received the following royalties from Eddy March 15 September 15 2016 $10,000 12,000 $15,000 19,000 2017 Eddy estimated that sales of the trademarked items would total 560,000 for July through December 2017. In Tolan's 2017 income statement, the royalty revenue should be a. $28,000. b. $31,000. c. $40,000. d. $41,000. At December 31, 2017, Sue's Boutique had 1,500 gift certificates outstanding, which had been sold to customers during 2017 for $60 each. Sue's operates on a gross profit of 60% of its sales. What amount of revenue pertaining to the 1,500 outstanding gift certificates should be deferred at December 31, 2017? a. SO. b. $36,000. c. $54,000. d. $90,000. 6