Workers' Compensation Insurance and Adjustment Willamette Manufacturing estimated that its total payroll for the coming year would be $666,000. The workers' compensation insurance premium rate is 0.3%. Required: Question Content Area 1. Calculate the estimated workers' compensation insurance premium. Prepare the journal entry for the payment as of January 2, 20--. Answer is 1,998 2. Assume that Willamette Manufacturing's actual payroll for the year was $688,000. Calculate the total insurance premium owed. Prepare a journal entry as of December 31, 20--, to record the adjustment for the underpayment. The actual payment of the additional premium will take place in January of the next year. 3. Assume instead that Willamette Manufacturing's actual payroll for the year was $656,000. Prepare a journal entry as of December 31, 20--, for the total amount that should be refunded. The refund will not be received until the next year. I need help with the last part of the question