Yorke Medical Instruments Ltd has six employees who are paid on the 1st and 16th of each month for the work they performed in the preceding half-month (paid semi-monthly; for instance, Jan 1-15 work is paid Jan 16; and Jan 16-31 work is paid Feb 1). For the pay period February 16 to February 28, 2023, each employee is owed gross pay as follows:

Job Position # employees Gross pay details (for Feb 16 28) Production engineer 1 $ 1,700 per semi-monthly period Sales manager 1 $ 1,300 per semi-monthly period Office clerk 1 87 hours @ $17 per hour Production workers 3 $1,050 per semi-monthly period

Each employee must have 19% of their gross pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.95% of their gross pay and pay Employment Insurance premiums of 1.63% of their gross pay. Each employee has $21 of union dues deducted from their paycheque. The office clerk also voluntarily chooses to have $40 per paycheque deducted and donated to the United Way charitable organization.

5. Show what Yorke would report on income statement for the month ended February 28. [Hint: Prepare a partial income statement for all the revenue/expense accounts used in the above transactions. Ignore the revenue/expense amounts for the payroll period Feb 1 15, as that information has not been provided.] 6. Prepare the payroll general journal entries required to reflect: (i) the payment of the February 16-28 payroll liabilities to the Canada Revenue Agency (CRA) on March 10, and (ii) the payment of the union dues to Unifor Union Local #123 on March 12, and (iii) the payment of the charitable donations to the United Way on March 13. (Round all calculations for dollar amounts to the nearest penny.)