Assume that McKinley Electronics completed these selectedtransactions during March 2016?:

a. Sales of $ 2, 400, 000 are subject to estimated warranty costof 5%. The estimated warranty payable at the beginning of the yearwas $ 36, 000, and warranty payments for the year totaled $ 53,000.

b. On March 1, McKinley Electronics signed a $ 45, 000 notepayable that requires annual payments of $ 9, 000 plus 6% intereston the unpaid balance each March 2.

c. Jacob, Inc., a chain of discount stores, ordered $ 145, 000worth of wireless speakers and related products. With its order,Jacob, Inc., sent a check for $ 145, 000 in advance, and McKinleyshipped $ 70 ,000 of the goods. McKinley will ship the remainder ofthe goods on April 3, 2016.

d. The March payroll of $ 300, 000 is subject to employeewithheld income tax of $ 30,000 and FICA tax of 7.65%. On March 31,McKinley pays employees their take-home pay and accrues all taxamounts.

Select the statement account and label - Current Liabilities orLong - term Liabilities.

Calculate each? accounts' balance and the total currentliability amount at March 31?, 2016. ?(For the FICA? tax, be sureto include both the employer and employee share of the tax. Roundall amounts to the nearest whole dollar. If a box is not used inthe table leave the box? empty; do not select a label or enter a?zero.)