How is the accrued payroll liability calculated for December?

Ch 1 5 E11-19 Assume Salem Electronics completed these selected transactions during December Reporting current and 2019: long-term liabilities 1. Music For You Inc., a chain of music stores, ordered $105,000 worth of CD players Total current liabilities, $594,503 With its order, Music For You Inc. sent a cheque for $105,000. Salem Electronics will ship the goods on January 3, 2020. 2. The December payroll of $600,000 is subject to employee withheld income tax of 16 percent, CPP expenses of 4.95 percent for the employee and 4.95 percent for the employer, EI deductions of 1.66 percent for the employee and 1.4 times the employee rate of 1.66 percent for the employer. On December 31, Salem Electronics E11- pays employees but accrues all tax amounts. Employees have not reached CPp or EI maximums. 3. Sales of $30,000,000 are subject to estimated warranty cost of 1 percent. This was the first year the company provided a warranty, and no warranty claims have been recorded or paid. 4. On December 2, Salem Electronics signed a $50,000 note payable that requires annual payments of $10,000 plus 5 percent interest on the unpaid balance each December 2. Salem calculates interest on this note based on days, not months. Required Report these liabilities on Salem Electronics' balance sheet at December 31, 2019. Round all amounts to the nearest dollar. CEDI EXERCISE