Hewlatt Inc. sponsors a defined contribution plan for its employees. In 2020, salaries eligible for a 3\% payment toward defined contribution plans of employees are \(\$ 880,000\). Hewlatt funded \(100 \%\) of its obligation to fund \(3 \%\) toward contribution plans as of the end of the year. Hewlatt Inc. will also match contributions made by employees by the end of the year, up to \(5 \%\) of salaries. Hewlatt estimates the obligation to match up to \(5 \%\) of salaries to be \(\$ 15,000\) on December 31, 2020. The amount will be paid to defined contribution plan in January of 2021. Record Hewlatt Inc.'s journal entries related to its defined contribution plan in 2020.