Perce Records has five employees who are paid on the 1st and 15 th of each month for the work they performed in the preceding half-month. At November 30 , each employee is owed gross pay of $1,250, 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. The following entries were recorded for the month of November: (Click on the icon to view the journal entries.) Show what Perce would report on its balance sheet at November 30 and on its income statement for the month ended on that date. Journal Entries