Part 1) Complete the following journal entries. Be sure to note what type of activity for each transaction. This will help you identify the appropriate accounts for each transaction. Appendix C (pages 273-275) lists every account you'll need for this assignment. 1. On January 5, Farmer Escalon sells harvested almonds for $98,500. (6 pts) 2. On February 9 , Farmer Escalon pays for $3,800 for electricity. ( 6 pts) 3. On March 11, Farmer Escalon's grandfather gives the farm business two breeding bulls worth $2,000 each. ( 6pts) 4. On April 16, Farmer Escalon makes a payment of $700 in interest and $9,200 in principal on a fifteen-year real estate loan. (8 pts) 5. On May 19, Farmer Escalon's spouse deposits $1,250 earned from a part-time job into the farm checking account. (6 pts) 6. On June 22, Farmer Escalon receives a one-year operating loan from Yosemite Credit Union for $59,000 for the farm business. ( 6pts ) 7. On July 25 , Farmer Escalon pays the farm's employee Harry Styles a salary of $4,000 for one month's work. Of this Farmer Escalon will withhold 25\% for Mr. Style's income taxes and another 10% for Mr. Style's Social Security and Medicare taxes. (8 pts) 8. On August 27, Farmer Escalon pays the farm's payroll tax expense. The taxes are calculated as 15% of an employee's gross pay (e.g., Mr. Style's monthly salary in problem 6). (6 pts) 9. On September 30, Farmer Escalon sells a used pickup to a fellow farmer for $10,000. The tractor was originally purchased for $54,000 and has accumulated depreciation of $46,000. (10 pts) Example Answer format: e.g., Farmer Berends pay his $1,000 water bill