Instructions Multnomah Manufacturing estimated that its total payroll for the coming year would be $540,000. The workers' comp Required: 1. Calculate the estimated workers' compensation insurance premium and prepare the journal entry for the paym 2. Assume that Multnomah Manufacturing's actual payroll for the year was $562,000. Calculate the total insurand journal entry as of December 31, 20--, to record the adjustment for the underpayment. The actual payment of th place in January of the next year. 3. Assume instead that Multnomah Manufacturing's actual payroll for the year was $532,000. Prepare a journal ent the total amount that should be refunded. The refund will not be received until the next year.