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Thank you Midwest Shipping pays employees at the end of each month. Payroll information is listed below for January, the first month of the fiscal

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Midwest Shipping pays employees at the end of each month. Payroll information is listed below for January, the first month of the fiscal year. Assume that none of the employees exceeds the Federal unemployment tax maximum salary of $7000 in January Salaries Federal and state income taxes withheld Federal unemployment tax rate State unemployment tax rate after FUTA deduction) Social Security (FICA) tax rate $900,000 130,000 0.89 5.40% 7.65% Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transoction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the employee salary expense and withholdings Note Enter debits before credits Date General Journal Debit Credit Jan 31 Over the first four years of a company's Ite. It earned the following net income (loss): $6.000 $2,000: $6.000, and (51000). If the company's ending retained earnings is $9.400 after year 4 what is the average amount of dividends paid per year? Multiple Choice $0 $900 $3600 $13,000 Kela Corporation reports net income of $550.000 that includes depreciation expense of $78,000. Also, cash of $44.000 was borrowed on a 5-year note payable Based on this data total cash inflows from operating activities are Multiple Choice $628.000 $594000 $672.000 $472.000

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