The Scott Company has a bi-weekly payroll which is paid every other Friday through the previous Friday. For instance the two 5-day weeks from March 4-15th is paid on March 22nd and the 18th through the 29th is paid on April 5th. You are the head of the Maintenance Department. Your payroll for February and March is as 8-Feb $ 89,000 22-Feb $ 93,500 $ 182,500 $ (1,500) 8-Mar $ 93,400 22-Mar $ 93,700 $ 187,100 On April 4 your boss tells you that your payroll is out of control. "Look at that! $181,000 in February and $187,100 in March. You'd better get your payroll cost under control by May!!" Your next five payrolls look like this: 5-Apr $94,200 19-Apr $93,600 3-Mayl $90,700 17-May $89,600 31-Mayl $87,400 14-Jun $89,100 On June 6, your boss says "Your April payroll was higher than March and your May payroll was over $267,000! You're fired!! REQUIRED 1. Where did your boss get that $267,000 figure for May? Is it correct? 2. Write a memo to your boss saving your job. Do not use any accounting jargon. Neither you nor your boss are accountants. Compute monthly expense for February, March, April and May using accrual accounting. Show detail for your supporting analysis