Question 4 (8 marks) ABC Inc. pays its employees at the end of every month. In February 2023, employees earned salaries totaling $30,000. Employee income taxes of $4,500, Canada Pension Plan (CPP) of $1,500, and Employment Insurance (EI) of $600 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. (Note: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El.) Part 1: Prepare the journal to record February's payroll (do not include payroll taxes) Account Titles \begin{tabular}{|c|c|} \hline Debits & Credits \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Part 2: Prepare the journal to record the payroll taxes for February's payroll. Account Titles \begin{tabular}{|c|c|c|} \hline & Debits & Credits \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Question 4 (8 marks) ABC Inc. pays its employees at the end of every month. In February 2023, employees earned salaries totaling $30,000. Employee income taxes of $4,500, Canada Pension Plan (CPP) of $1,500, and Employment Insurance (EI) of $600 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. (Note: Employer CPP equals employee CPP. Employer El equals 1.4 times employee El.) Part 1: Prepare the journal to record February's payroll (do not include payroll taxes) Account Titles \begin{tabular}{|c|c|} \hline Debits & Credits \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Part 2: Prepare the journal to record the payroll taxes for February's payroll. Account Titles \begin{tabular}{|c|c|c|} \hline & Debits & Credits \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}