You have been enesged to review the financial statements of Buffalo Corporation. In the course of vour examination you conclude 1. Year-end wages payable as of the end of the current yoar of $3,520 were not recorded becaune the bookkeeper thought that "therwere immaterial:" 2. Accrued vacation pay for the current vear of \$34,000 was not recorded because the bookkeeper "never heard that you had to do it: 3. Intirnce for a 12 -month period purchased on November 1 of this year was charged to insurance expense in the amount of $2.568 because "the amount of the check is about the same every vear" 4. Reported sules revenue for the year is $2,213,280. This includes all sales taxus collected for the year. The sales tax rate is 6%. Because the sales tax is forwarded to the state's Department of Revenue, the 5 ales Tax Expense account is debited. The bookbeeper thought that "the sales tax is a selling expense" At the end of the current year, the bulance in the Sates Tax Expense account is 5108,580 Prepare the necessary correcting entries during the current year, assuming thut Buffalo uses a calendar-year basis. (Creaft pccount title: are automatically indented when the amount is entered. Do not indent manualix. If no entry is required, ielect "No Entry' for the account tides and enter 0 for the amounts tiet alt dekit entries before credit entrien! No. Account Titles and Explanation Debit Credit 1 2. 3. 4. (To record the sales tanes due.) (To correct prior entry)