Q4. a) Sarah Corporation has an annual payroll of $150,000. At December 31, Sarah Corporation owes salaries of $7,600 on which employee withholdings payable are $1,200 and employee benefits payable by the company are $1,000. The company has calculated its share of Canada Pension Plan, Employment Insurance, and other employee benefits to be 6% of payroll expense. The company will pay these amounts early next year. Show what Sarah will report for the foregoing on its income statement and year-end balance sheet. b) On January 31, 2019, Cowell issued 10-year, 6% bonds with a face value of $100,000 The bonds were issued at 97 and pay interest on January 31 and July 31. Cowell amortizes bonds by the straight-line method. Record (a) issuance of the bonds on January 31, (b) the semi-annual interest payment and discount amortization on July 31 (c) the interest accrual and discount amortization on December 31