Tims gross payroll for the work week ending Feb 28 was $750,000. The company deducted $39,375 for CPP, $11,850 for EI, and $90,000 for income tax from the employees pay. Chens payroll costs for the week were $39,375 for CPP and $16,590 for EI. Required Prepare the journal entries to record the above transactions. Explanations are not required.