Sterling co. recently underwent a sell-off of its home gardening and repair subsidiary, campbell co., to an independent party. if sterling recorded a gain of $62,755 on the carve out and received $85,540 cash for the sale, what are the net assets of campbell?
a. $108,325b. $148,295c. $ 45,570d. $ 22,785e. none of the above

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60