Assume that Melanie Jergens is a marketing director in Continental Mobility's head office in Halifax. (Click the icon to view the payroll information.) 1. Compute Jergens's gross pay, payroll deductions, and net pay for the full year 2021. 2. Compute Continental Mobility's total 2021 payroll cost for Jergens. 3. Prepare Continental Mobility's summary general journal entries at August 31 (explanations are not required) to record its expense for the following: a. Jergens's total earnings for the year, her payroll deductions, and her net pay. Debit Salary Expense and Executive Bonus Compensation as appropriate. Credit liability accounts for payroll deductions and Cash for net pay. b. Employer payroll expenses for Jergens. Credit the appropriate liability accounts. c. Benefits provided to Jergens. Credit Health Insurance Payable and Company Pension Payable. Requirement 1. Compute Jergens's gross pay, payroll deductions, and net pay for the full year 2021. (Round all amounts to the nearest cent.) Total gross pay Less: Total deductions Net pay Requirement 2. Compute Continental Mobility's total 2021 payroll cost for Jergens. (Round all amounts to the nearest cent.) Payroll Information During 2021, she worked for the company all year at a $7,100 monthly salary. She also earned a year-end bonus equal to 25 percent of her salary. Jergens's monthly income tax withholding for 2021 was $1,770.00. Also, she paid a one-time federal withholding tax of $4,095.11 on her bonus cheque. She paid $338.81 per month toward the CPP until the maximum ($3,166.45) had been withheld. In addition, Jergens's employer deducted $102.49 for El until the maximum ($889.54) had been withheld. Jergens authorized the following deductions: 1.5 percent per month of her monthly pay to Continental's charitable donation fund and $78 per month for life insurance. Continental Mobility incurred CPP expense equal to the amount deducted from Jergens's pay. El cost the company 1.4 times the amount deducted from Jergens's pay. In addition, the company provided Jergens with the following benefits: dental and drug insurance at a cost of $70 per month and pension benefits to be paid to Jergens upon retirement. The pension contribution is based on her income and was $5,450 in 2021. Employer payroll expenses: Donofitn. Print Done