Willow Corp.'s payroll for the period ended October 31, 2020 is summarized as follows:

Department						Amount of Wages Subject to Payroll Taxes
Payroll		Total Wages		Income Tax Withheld		CPP/QPP		EI
Factory		$75,000		$10,000		$66,000		$22,000
Sales		22,000		3,000		16,000		2,000
Office		18,000		2,000		8,000
		$115,000		$15,000		$90,000		$24,000

Assume the following payroll tax rates:

	CPP/QPP for employer and employee		4.95% each
	Employment Insurance		1.66% for employee
			1.4 times employee premium for
			employer

To the nearest dollar, what amount should Willow accrue as its share of payroll taxes in its October 31, 2020 statement of financial position?

$4,455.00

$20,070

$4,853.40

$5,012.76