Question 72 1 points Afactory in Parramatta was shut down on 10 January 2020. The implementation of the restructuring has virtually been completed, 50 employees have been retrenched and their accumulated entitlements have been paid but an amount of $75,000, representing a portion of the three month's wages for the retrenched employees, has still not been paid. Afurther 20 employees from the Parramatta factory are due to be transferred to new work at a factory in Wangaratta on February 2020 at a cost of $27,500. Most head office staff have been retrenched and all entitlements paid but one employee, Primrose, remains on to complete administrative tasks relating to the closure of the factory in Parramatta and the transfer of staff to the new factory in Wangaratta. Primrose is expected to stay until 28 February 2020. Primrose's salary for February will be $7,500 and her retrenchment package will be $18,000, all of which will be paid on the day she leaves. Primrose estimates that she will spend 60% of her time administering the closure of the factory in Parramatta, 30% of her time administering the transfer of staff to the factory in Wangaratta and the remaining 10% on general administration. Determine the amount of provision to be recorded in the financial statements in respect of the scenario provided above. O 593,000 O 597,500 O $79,500 O $123,000