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Pillar has an annual payroll of $200,000. In addition, the company incurs payroll tax expense of 8% of the annual paypoll. At December 31 ,

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Pillar has an annual payroll of $200,000. In addition, the company incurs payroll tax expense of 8% of the annual paypoll. At December 31 , Pillar owes salaries of $8,100 and FiCA and ceher payroll tax of \$550. The company will pay these amounts carly next year. Requirement 1. Show what Pular wil meport for the foregoing on its income statemont for the year and on its year -end batance sheet, jif an input field is not used in the table leave the field ampty, do not select a label or enter a zero.)

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