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Please show step by step solution The Food Factory Corporation started operations on May 17, 2020. As of December 31, 2020, the Food Factory incurred

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image text in transcribed The Food Factory Corporation started operations on May 17, 2020. As of December 31, 2020, the Food Factory incurred $70000 in unpaid salaries. During January 2021, employees earned a total of $20000 in salaries, and they were paid $56000. What is the balance of salaries payable as of January 31,2021 ? Round your interim calculations and final answer to 2 decimal places. Do not include any dollar signs, percentage % signs, commas, and/or spaces in your answer. Your answer should only include numbers. For negative numbers, use a negative sign before the number e.g. -1021.57 Do not use brackets for negative numbers and do not leave a space between the negative sign and the number. Answer: 20000(34000)

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