Saint Nick Inc. is gearing up for the holiday season. The following transactions and events have occurred: Borrowed $20,000 from the Far North Bank for three years, at 6% interest. Dec. 1 Interest is due on the first day of every month, starting on January 1 next year. Hired seven elves to package toys (they Dec 5 start work tomorrow) and nine reindeer to deliver them on Christmas Eve, Since they were hired, the seven elves Dec, 24 have worked for 14 days each, 7.5 hours per day, and today Santa pays them $22 per hour As the North Pole is in Canada, Santa has deducted the following in total from the elves' pay: EIT $2626 Dec. 24 CPP $550; and El $350. The appropriate employer portion is also accrued The deliveries were successful and the Dec. 28 reindeer are paid with apples, oats, honey, and whatever milk and cookies Santa was able to take away, Santa's accountants, Scrooge, Grinch & Partners, tell Santa that he owes $8000 Dec 28 for last year's income taxes. He has not paid this amount yet. It will be paid in April, Dec. 24 from the elves' pay EIT $2525; CPP $550; and El $350. The appropriate employer portion is also accrued The deliveries were successful and the Dec. 26 reindeer are paid with apples, oats, honey, and whatever milk and cookies Santa was able to take away. Santa's accountants, Scrooge, Grinch & Dec. 28 Partners, tell Santa that he owes $8000 for last year's income taxes. He has not paid this amount yet. It will be paid in April. Dec. 31 The first interest amount on the loan, due tomorrow, is accrued. Jan 1 The bank deducts the interest from Santa's occount Santa pays Revenue Canada the Jan. 15 amount owed with respect to the elves' payroll Use an accounting chart to analyze the above transactions, and then answer the following questions Question 17 (2 points) How much does Santa pay Revenue Canada on January 15, with respect to the elves' December payroll? (2 marks) Question 23 (4 points) Which accounts will be affected, and how, by the January 15 payment? Select all that apply. (4 marks) a) Wages Payable increases b) Wages Expense decreases c) EIT Payable decreases d) El Payable increases e) Employee Benefits Expense decreases 1) CPP Payable decreases g) Cash decreases On) EIT Payable increases Oi) Cash increases OD Employee Benefits Expense increases On Employee Benefits Expense increases k) Wages Payable decreases 1) CPP Payable increases *) El Payable decreases On) Wages Expense increases