Sheffield Corp.'s payroll for the pay period ended October 31, 2021 is summarized as follows:

Department

PayrollTotal

WagesFederal

Income Tax

WithheldAmount of Wages Subject

to Payroll TaxesF.I.C.A.UnemploymentFactory$73000$7000$68000$31000Sales210002000150002000Office1900030009000-$113000$12000$92000$33000

Assume the following payroll tax rates:

F.I.C.A. for employer and employee7.65% eachUnemployment3%

What amount shouldSheffieldaccrue as its share of payroll taxes in its October 31, 2021 balance sheet?

$8028.

$9708.

$14508.

$20028.

CoronadoProcesses is involved with innovative approaches to finding energy reserves.Coronadorecently built a facility to extract natural gas at a cost of $11.6million. However,Coronadois also legally responsible to remove the facility at the end of its useful life of twenty years. This cost is estimated to be $15million (the present value of which is $6.0million). What is the journal entry required to record the asset retirement obligation?

No journal entry required.

Debit Natural Gas Facility for $15000000and credit Asset Retirement Obligation for $15000000.

Debit Natural Gas Facility for $3400000and credit Asset Retirement Obligation for $3400000.

Debit Natural Gas Facility for $6000000and credit Asset Retirement Obligation for $6000000.

Carla VistaCo. bought a patent fromSandhillCorp. on January 1, 2021, for $921000. An independent consultant retained byCarla Vistaestimated that the remaining useful life at January 1, 2021 is15years. Its unamortized cost onSandhill's accounting records was $460500; the patent had been amortized for5years bySandhill. How much should be amortized for the year ended December 31, 2021 byCarla VistaCo.?

$0.

$46050.

$61400.

$92100.

n January 2021,Marigold Corp.estimated that its year-end bonus to executives would be $856000for 2021. The actual amount paid for the year-end bonus for 2020 was $776000. The estimate for 2021 is subject to year-end adjustment. What amount, if any, of expense should be reflected inMarigold's quarterly income statement for the three months ended March 31, 2021?

$194000.

$ -0-.

$856000.

$214000.